ABA Tax Accounting | Offer In Compromise

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ABA Tax Accounting | Offer In Compromise | St. Paul, MN Accounting Firm

Offer in CompromiseAn offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. IRS considers your unique set of facts and circumstances:·         Ability to pay;·         Income;·         Expenses; and·         Asset equity.IRS generally approves an offer in compromise when the amount offered represents the most IRS can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone. If you hire a tax professional to help you file an offer, be sure to check his or her qualifications. Considering a Tax Professional? For no obligation free consultation contact us today!ABA Tax AccountingAmare Berhie, Enrolled Agentamare@abataxaccounting.com612-282-3200 Toll Free866-936-0430http://www.abataxaccounting.comwww.abatax81.blogspot.comwww.abataxaccounting.wordpress.com