Reduce IRS Debt with IRS Settlements

Negotiating with the IRS presents a special set of challenges. Primarily, these challenges relate to super-status of the federal government, i.e. the federal governments writes it's own laws to regulate itself which include extensive exclusion and immunity from most consumer protection laws. Even in the case of gross negligence, the IRS remains immune from responsibly for its actions. Nevertheless, to reduce IRS debts, settlement agreements are common to streamline the collection process and avoid expensive collection procedures that yield little return.

Settlement Agreements

If agreed, and tax liability can be either reduced or waived. Most often, this agreement follows extensive discussions about disputed liability, the measure of proper liability, the computation of late fees and penalties, and a negotiated reduced payment schedule designed to promote actual payment rather than punishment. When tax specialists appeal to the special needs and desires of the IRS, settlement agreements tend to result rather quickly.