Settle Your Tax Debt in California For Less Than The Amount You Owe

Posted by Paolo Rubino

Here at The Document People, we can help you settle your tax debt in California for less than the amount you owe. You can settle your tax debt in California for less than the full amount you owe if you can’t pay your full tax liability, or if it creates a hardship for you.  The IRS will consider your ability to pay, your income, your expenses and your assets.

The IRS will accept your offer in compromise if it represents the most it can expect to collect within a reasonable period of time.

Before submitting an offer in compromise to the IRS, you must pre-qualify by not being in an open bankruptcy proceeding, have filed all required federal tax returns, and if you are self-employed and have employees, have submitted all required federal tax deposits.

The offer in compromise application fee is $186, and you must select a payment option and include the payment with your offer for either a lump sum cash offer or a periodic payment offer.

If your offer in compromise is approved, the IRS will allow you to make 6-24 payments to pay off your tax debt.

Most The Document People stores offer help with restraining orders. Visit our stores in Los Angeles County (Woodland Hills, Santa Monica, San Fernando, Marina Del Rey, Van Nuys, and Glendale), Orange County (Anaheim, Irvine) San Diego County (Oceanside) and Ventura County (Oxnard).

The information contained in this blog – including information of a legal nature – is provided for informational purposes only, and should not be construed as legal advice on any subject matter.