Offer In Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. IRS will consider your unique set of facts and circumstances:

IRS generally approve an offer in compromise when the amount offered represents the most they can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer in compromise. The Offer in Compromise program is not for everyone. If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.

On the IRS website there is an Offer In Compromise Qualifier.  Offer in Compromise Pre - Qualifier to go to the link to see if an Offer In Compromise is a good choice for you.