“The Offer in Compromise program is an extremely important option for many taxpayers to consider,” said IRS Attorney Nick Nemeth. “The IRS offers this program to indebted taxpayers who can’t pay off the debt in a lump sum or through installment payments.”
The catch to the program is that you have to financially qualify.
The IRS recently changed the qualifying terms for the program, making them more flexible. If you are in extreme tax debt, now is the time to contact an experienced tax attorney (http://www.dallas-
The tax-collecting agency is calling the changes to the program the “Fresh-Start”
"This phase of Fresh Start will assist some taxpayers who have faced the most financial hardship in recent years," IRS Commissioner Doug Shulman said in a statement. "It is part of our multiyear effort to help taxpayers who are struggling to make ends meet."
The changes revise the calculations for the taxpayer’s future income, allowing them to include things such as student loans, credit card payments, bank fees and living expenses that were not previously eligible.
The changes allow taxpayers greater flexibility in negotiations with the IRS. An experienced tax attorney will be able to negotiate the terms to your benefit.
Other tips are available in the Dallas Forth Worth tax attorney's blog and video channel.
About Nick Nemeth:
The Founder of The Law Offices of Nick Nemeth, PLLC, a law firm dedicated to helping individuals and businesses resolve a wide range of IRS issues. The IRS Attorney has been featured on CBS, NBC, ABC and on Fox as well as in USA Today, CNBC, CBS Money Watch, Yahoo Finance, The Miami Herald and Morningstar. Nick brings fifteen years of legal experience to those who truly need it. Nick’s ultimate goal in his practice, for any of his clients, is to provide efficient, cost-effective legal representation.