Lawyers.com > Discuss Your Legal Issue > Ask a Lawyer > Taxation > Does the irs ever settle? I owe 56,000 in back taxes and penalties and I have a chance to borrow.. Will they settle for less?

Does the irs ever settle? I owe 56,000 in back taxes and penalties and I have a chance to borrow.. Will they settle for less?

1 Answers. Asked on Jun 21st, 2016 on Taxation - Arizona
More details to this question:
N/A
Answers Showing 1 out of 1
Answered on Jul 11th, 2016 at 12:36 PM

Generally speaking and assuming no other issues, the IRS will generally consider offers in compromise and installment payment plans.

Report Abuse
Related Questions
Check out some other great questions that you might like.
Have an Taxation Question?
It’s Free & Easy.
Ask a Lawyer
Taxation
When should you hire taxation lawyers? Tax attorneys can assist individuals and businesses in a number of situations. Start-up businesses should talk to a tax lawyer to understand the tax implication of various business structures. Companies should also seek legal counsel on issues related to payroll taxes, sales taxes, use taxes and international tax issues. Individuals and couples can benefit from a tax lawyer's advice when engaged in estate planning, if you may have committed tax fraud, or if you're facing an Internal Revenue Service (IRS) or state tax audit.
Have an Taxation Question?
It’s Free & Easy.
Ask a Lawyer
Top Contributing Lawyers
Mark Tischhauser, Esq.

Attorney - Florida

369 Answers, 21 Legal Topics

Patrick Johnson

Attorney - Tennessee

233 Answers, 40 Legal Topics

Michael D. Siegel

Attorney - New York

211 Answers, 27 Legal Topics

Ms. Maryellen Sullivan, Esq.

Attorney - Maine

157 Answers, 5 Legal Topics

Lori Nevias

Attorney - New York

123 Answers, 37 Legal Topics

Michael E. Fiffik

Attorney - Pennsylvania

121 Answers, 19 Legal Topics

Diana L. Anderson

Attorney - New Jersey

82 Answers, 23 Legal Topics

Taxation Local Law Firms  
In United States change location
×
Please select state Update
Ziegler Metzger LLP

Cleveland, OH

216-298-1178
| Contact Now

LeViness, Tolzman & Hamilton, P.A.

Baltimore, MD

443-470-6533
| Contact Now

Frazier & Oxley, L.C.

Huntington, WV

304-521-4691
| Contact Now

Do It Yourself Legal Forms
Go

Popular Forums