Does the Internal Revenue Service (“IRS”) negotiate on tax debt? Absolutely. The IRS will negotiate with a debtor if a debtor:
- is current with tax filings;
- provides bank statements and/or paystubs to prove income; and
- itemizes expenses, and if requested, provides proof of expenses.
Before deciding whether to negotiate with the IRS, a debtor should calculate how old is the tax debt because the IRS only has ten (10) years to collect a tax debt from the date of assessment. Further, there are many tax settlement programs available, such as Offer-in-Compromise and Streamlined Payment Plan, so you should weight your options before talking to the IRS.
If you owe taxes to the IRS, please call our office for a free consultation 949.591.8755.