Offer in Compromise
Offer in Compromise program allows you to settle your debt with the IRS for pennies on the dollar. The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay.
The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122). The key is to determine the least amount that the IRS will accept from you based on your financial condition, before we make the offer.