Are you aware that you can drastically reduce your IRS tax debt through the Offer in Compromise (OIC) program? This initiative allows taxpayers to negotiate with the IRS to settle their tax liabilities for much less than the full amount owed, especially if the debt has been incorrectly assessed or is unaffordable.

According to the IRS guidelines, "An Offer in Compromise is accepted when it is unlikely that the full amount can be collected, and the offer made reasonably reflects the taxpayer’s ability to pay." (Internal Revenue Code section 7122).

With the right approach, you could potentially wipe out your tax debt, including penalties and interest, for a fraction of the original amount. There is no minimum threshold for the IRS to settle your debt, provided the offer is well-prepared.

Properly handled, an OIC can settle your debt for as little as 5-15% of the total owed. The key lies in accurately determining the lowest amount the IRS will accept before submitting your offer.

For expert assistance in navigating the Offer in Compromise process and securing the best possible outcome, JCB Financial Services is here to help.