Tax Relief with Logan Allec, CPA
Do you owe back taxes to the IRS or your state government or have unfiled tax returns? Then this is the podcast for you! Every Monday, Wednesday, and Friday, Logan Allec, CPA — owner of A+ BBB-accredited tax resolution firm Choice Tax Relief — explains exactly how to get tax relief for your back tax debt. Would you like a FREE tax relief consultation with Logan's company, Choice Tax Relief? Schedule your consultation now by calling 866-8000-TAX!
Tax Relief with Logan Allec, CPA
What's the Lowest Amount the IRS Will Settle For?
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What’s the lowest amount the IRS will settle for through an Offer in Compromise?
Technically, there is no universal minimum settlement amount. In rare cases, the IRS may accept an extremely small offer—even just a few dollars. But that does not mean everyone can settle their tax debt for next to nothing.
The amount the IRS may accept generally depends on your income, expenses, assets, and overall ability to pay. In this video, I explain how the IRS calculates an Offer in Compromise, why some taxpayers qualify for very low settlements, and what determines whether an offer will actually be accepted.
If you owe the IRS and want professional help reviewing your options, visit:
https://choicetaxrelief.com/
Choice Tax Relief helps individuals and businesses resolve IRS tax debt and catch up on unfiled tax returns.
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