To be eligible for compromise (OIC, or tax settlement) on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.
Look at Joshua A. Webskowski, EA, USTCP. He and his team are one of the true authorities on Offer in Compromise. We are affordable, friendly, and accessible.
We are comprised of Former IRS Agents, Former IRS Instructors, and Former IRS Managers in addition to Board-Certified Tax Attorneys, CPA’s, Enrolled Agents, Our team has a combined 130 years of direct IRS working experience in the local, district, and regional offices of the IRS.
We have taught Federal Tax Law at the IRS and taught the Offer in Compromise Program (Tax Settlements). We have successfully worked on thousands of cases.
Beware: There are many tax scam tax settlement companies that exist on the internet. Many of these companies sign you up, then sell your information to the highest bidder. These salespeople have little (if any) professional knowledge about offers in compromise. Companies like J.K. Harris, Ron Duetche, and Tax Master have all been closed by the Attorney General’s office.
Make sure you are dealing with a reputable company. Check out their professional credentials, check the firm bio page for their skill level and experience.