Taxes should be paid in full amount and on the designated due date in order not to receive any notice from the Internal Revenue Service and avoid any lawsuit for this matter. However, when these taxes are not paid due to some unforeseeable circumstance, IRS offers several options including the offer in compromise help. Basically, the offer in compromise help is not granted to anyone who has IRS problems. There is a certain requirement needed before this privilege will be given and to be eligible, one must be able to submit these important documents and have his/her current economic status assessed.
The Internal Revenue Service will determine if the person is eligible or not and they will ask the individual to pay a certain amount of his tax debt. The offer in compromise is actually a great…
