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Beware of False Claims on Offers in Compromise

September 5th

The Internal Revenue Service is attempting to make more taxpayers aware of the dangers posed by false promoter claims. It is becoming increasingly common for taxpayers to be taken in by promises from promoters claiming, specifically, that Offers in Compromise can save them “pennies on the dollar.”

Promoters typically will make their money by erroneously advise those owing a tax debt to file an application for an Offer in Compromise, promising unrealistic results. Such promoters will promise positive results, even if the taxpayer does not meet the requirements of the program. This process will cost the taxpayers money and time.

Learn to Differentiate Good Promoters from Bad

An Offer in Compromise is an agreement between the IRS and a taxpayer designed to resolve the taxpayer’s tax debts over time. Under certain circumstances, the IRS has the authority to accept less than the full amount owed in order to resolve the tax liability.

Most tax practitioners and lawyers are honest, and only intending to help struggling taxpayers resolve their debts quickly and efficiently. Most tax lawyers will give honest advice. However, there are those who are unscrupulous; taxpayers should be on alert for those who make high-priced, dishonest promises.

Taxpayers who require help with their application process may look for qualified tax professionals through a number of certified channels. The best means of locating a qualified agent is to contact state or local tax professional associations to find enrolled agents, CPAs or tax attorneys. These services can point taxpayers to the tax lawyers in their area who are the most qualified to handle their cases.


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