IRS Tax Settlement, Offer in Compromise. Heres what to do first

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lsouthwick: http://www.irsproblemshouston.com/irs... IRS Tax Settlement is can be done with IRS payment plans, tax negotiation, and Offers in Compromise. Heres what to do first. IRS tax settlements usually come into play in one of two situations: 1.When a taxpayer owes money to the IRS that they cannot pay in full immediatelyor 2. When the IRS claims a taxpayer owes money and the taxpayer disagrees. As a CPA with almost 30 years of experience settling IRS tax debts I can tell you from experience, there are three steps in successfully settling a tax debt: 1.Assessing your tax situation 2.Devising an IRS strategy 3.Making the IRS tax settlement deal Assessing Your Tax Situation The first step in a successful tax settlement is to properly assess your situation. If you have received several notices from the IRS, pull them out and review them. Is the IRS clear on what they are trying to collect for? Next get a copy of the tax return involved. Check it to get a handle on if you