A tax settlement sounds like a straightforward solution, however there are many different types of settlements for the IRS and different State taxing authorities.
Tax Settlement Types:
- Currently Not Collectible (CNC)
- Offer In Compromise (OIC)
- Installment Agreement (IA)
- Penalty Abatement
Each type has different qualifications and limitations. Each of them requires a thorough analysis of your financial circumstances and a determination of which option best fits your situation. The taxing authority will keep pushing on enforcement until you complete all the necessary steps.
Don’t get stuck - Contact Traxion Tax today for a 100% Free Consultation to learn which option is best for you.