does the IRS offer settlements for balance of bill owed?

Answer 1

Sometimes, if you have a significant hardship.

Answer 2

Details about Offers in Compromise:

1) Approximately 87% of all offers are rejected. Apparently what taxpayers think they can pay and what the IRS thinks they can pay are two different things.

2) If you owe under $10,000, the IRS will reject your offer. They will say make an installment agreement.

3) The IRS has up to 2 years to decide on an offer.

4) Filing an Offer in Compromise is very time consuming matter.

5) There is a non-refundable fee that needs to be filed with an offer.

.....just a few things off the top of my head.....

Answer 3

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Answer 4

yes, it is called an offer of compromise and settlement.
suers er atty's do this for you and charge. you can do it for your self and save.
remember, negotiate, don't take the forst offer given, unless it works for you.

been there, done that, got the t shirt and trophy.

Answer 5

Sometimes. A good tax lawyer, is usually a great help.