Chicago IRS Tax Relief

Most people are probably familiar with the Internal Revenue Service or the IRS and the importance of filing yearly taxes. It is important that you understand that if you do not pay your taxes for several years or you fail to pay enough taxes you may end up owing a substantial amount to the IRS. Many times individuals are unable to pay their large IRS debt. In response to Congress mandate, the IRS has established a special program known as the Offer in Compromise that is designed to legally settle their debt.

The Offer in Compromise Program helps taxpayers settle their IRS debt for less than what they actually owe. You get a chance to formally appeal to the IRS for leniency on your tax debts. Ultimately the IRS will decide whether or not you can have a break. It is the duty of the taxpayer to prove that they are unable financially to pay off the entire debt or that they are not legally liable for the debt.

The IRS may be able to set you up with a plan that helps you with your financial obligations. Oftentimes the offer that you get is less than the amount that you actually owe but the final amount is calculated using a method designed by the IRS> Individuals have 3 main offers to choose from under the Offer in Compromise Program. The first IRS offer is Doubt as to Liability.

Under this straightforward plan you must be able to prove that the tax debt is incorrect. Basically the taxpayer does not believe they owe the money.

You must present evidence, such as with documentation, that you do not owe the money. Those individuals who have found themselves a victim of mistaken identity or Identity Theft are generally offered the Doubt as to Liability plan.

The second offer, Doubt as to Collectability, is the second and most common offer. The IRS feels that they will not be able to collect the full amount that they are seeking from taxpayers that fall under this offer group.

The IRS has taken into account your current situation as well as your financial standings and concluded that you will not be able to pay off the entire amount. In most cases after the IRS looks at your disposable income as assets they are able to come up with a reasonable settlement. The Effective Tax Administration is the third type of offer and it is generally viewed as the least accepted IRS offer.

After going over income statements some individuals can afford to pay their tax debt but making them do so might be unfair.

American Tax Lawyer, Darrin T. Mish represents taxpayers all over the United States and on every inhabited continent. His many years of experience in dealing with tax problems benefits clients tremendously. He may be reached by calling toll free (888) 438-6474.