Arizona IRS Offer in Compromise

I have seen where the ability to file a bankruptcy has had a positive effect on getting an Arizona IRS offer in compromise accepted if there are genuine areas of disagreement on how assets should be valued in determining the offer amount. I have also seen situations where the IRS will not budge on an offer amount even if you decide to file a bankruptcy. There is a lot of variation in the way the offer in compromise group handle offers when the option to discharge the taxes in a bankruptcy is available. If the tax debt is on a current year, the IRS knows that you must wait three years from the due date of the return before you can file a bankruptcy. In that case, the option of filing a bankruptcy would not be taken into consideration. Each situation has to be evaluated on its own merits. Working with a professional who has seen lots of Arizona IRS offer in compromise’s accepted when a bankruptcy is an option is the only way to get an objective opinion.

Scott Allen E. A.

Tax Debt Advisors, Inc for Arizona IRS Offer in Compromise