One of the worst things in the world is the feeling of having to look over your shoulder with the fear that the IRS is in hot pursuit. Owing money to the IRS doesn’t make you a bad person. The reality is there’s no reason to fear the IRS. They have a reason and a purpose for being. With the right knowledge, there’s always a possibility that you can settle an IRS debt for less. It’s a way for people who owe way too much money to get back into the tax system. Otherwise, they’d be locked out forever.
However, not everyone can qualify, which is one of the reasons you should always let a tax pro handle your case. There’s a complex analysis process that addresses your ability to pay. Income, assets and expenses have to be accessed. As such, it takes a qualified tax attorney to decide how much a person can pay. The reality is that it takes legal skills to ascertain who’s a good candidate, and who may not be a good candidate for a reduction in tax liability. As you can imagine, trying to go it alone when dealing with the IRS can end up being a disaster.