Menu
Ace Plus Tax Resolution
Tax Relief Services Los Angeles
  • Home
  • Tax Problems
    • Tax Resolution
    • Owing the IRS Money
    • Filing Prior Years Returns
    • Help with Your IRS Audit
    • When Your Spouse Owes the IRS
    • PPP Loan Forgiveness Assistance
  • Tax Relief Services
    • All Services
    • Offer in Compromise
    • Installment Agreement
    • Payroll Tax Relief
    • Penalty Abatement
    • Release of Wage or Bank Levies
    • Lien Relief
    • Currently Not Collectible
    • Bankruptcy Dischargeability Analysis
    • Other Services
  • Reviews
  • Articles/Media
    • Articles/News/Blog
    • Media and Press
    • Videos
    • Podcast
    • IRS Updates
    • Resources
  • About
    • About
    • Send Us Your Referrals
  • Contact
  • (213) 600-7388
amy-hirschi-JaoVGh5aJ3E-unsplash
July 6, 2021

How To Settle Your Tax Debt with Offer in Compromise

James Cha, CPA, CTRS Tax Relief

Do you owe back taxes to the IRS or State and can’t pay back? You may be able to settle the amount for a lot less, if you qualify. Watch this video to find out the step-by-step guide for an offer in compromise, and what you need to do before submitting the application. Many taxpayers who owe back taxes don’t pay back their taxes, simply because they can’t. The interest and penalties may have snowballed over time. However, there is a way to settle your growing back taxes to a substantially reduced amount, through an offer in compromise, if you qualify. For the best chances of getting this offer approved, you must seek professional help so you’ll prepare the right documentation and have the right representation. An Offer in Compromise is a settlement with the IRS or State tax authorities for less than the tax amount owed. It is not based on “pennies on the dollar” or a percentage of your tax debt, contrary to what many advertisements state. It is purely based on your financial information. Financial inability to pay is the reason most Offers in Compromise are accepted.

2nd $600 Golden State Stimulus Check + $500 for Dependents/Undocumented Families $25K to 150K California small businesses – largest state grant!

Related Posts

Tax Relief

CP14 or other IRS collection notices: What if I can’t pay?

Tax Relief

Crypto Tax Cheats and What to do if You can’t pay tax

we are open

Tax Relief

$25K to 150K California small businesses – largest state grant!

Categories

  • Accounting
  • Accounting Software
  • Articles/News
  • bookkeeping
  • Bookkeeping Tips
  • Business Development
  • Business Growth
  • Business Tips
  • Cool Tech Tools
  • Cost-Saving Tips
  • COVID-19
  • Customer Service Tips
  • Decision-Making Tips
  • Expense Reduction Tips
  • Finance Management
  • Management Tips
  • Marketing Tips
  • Money Management
  • Newsletter
  • Payroll Tips
  • Personal Development
  • Profitability Tips
  • Tax
  • Tax Relief
  • Tax Resolution
  • taxes
  • Technology
  • Time Management Tips
  • Uncategorized

Recent Posts

  • CP14 or other IRS collection notices: What if I can’t pay?
  • Crypto Tax Cheats and What to do if You can’t pay tax
  • $25K to 150K California small businesses – largest state grant!
  • How To Settle Your Tax Debt with Offer in Compromise
  • 2nd $600 Golden State Stimulus Check + $500 for Dependents/Undocumented Families

Monthly Archives

  • Ace Plus Tax Resolution – A Tax Relief Services Firm
  • I Need Tax Help
  • Remedies
  • Reviews
  • Resources
  • About
  • Contact
  • Privacy Policy
Ace Plus Tax Resolution is a BBB Accredited Tax Negotiator in Los Angeles, CA
Ace Plus Primary Color-md

Contact Us

(213) 600-7388

James@AcePlusTaxResolution.com

Business Hours
Mon-Fri: 8:30 AM–5:30 PM
Some Sat: 9:00 AM–12:30 PM

24-hour Live Representative Is Available. Call Us At Any Time!

Book Free Consultation Yourself!
https://calendly.com/aceplustaxresolution

Address:

Main Office - (Free Parking)
3435 Overland Ave. Suite 2
Los Angeles, CA 90034

Satellite Office – 3435 Wilshire Blvd. #460, Los Angeles, CA 90010

Media Press

Ace Plus Tax Resolution is a BBB Accredited Tax Negotiator in Los Angeles, CA
© Ace Plus Tax Resolution 2022