What's the Lowest Amount the IRS Will Settle For?
About this episode
What’s the lowest amount the IRS will settle for through an Offer in Compromise?
Technically, there is no universal minimum settlement amount. In rare cases, the IRS may accept an extremely small offer—even just a few dollars. But that does not mean everyone can settle their tax debt for next to nothing.
The amount the IRS may accept generally depends on your income, expenses, assets, and overall ability to pay. In this video, I explain how the IRS calculates an Offer in Compromise, why some taxpayers qualify for very low settlements, and what determines whether an offer will actually be accepted.
If you owe the IRS and want professional help reviewing your options, visit:
https://choicetaxrelief.com/
Choice Tax Relief helps individuals and businesses resolve IRS tax debt and catch up on unfiled tax returns.
#IRS #TaxDebt #OfferInCompromise #TaxRelief
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