In looking through my web site statistics, I noticed that several people have searched the internet search engines and have come across my site with the search term "Do Offers in Compromise Work"?
Maybe you’re asking, what is an offer in compromise. Well, briefly, an offer in compromise is an IRS program that allows taxpayers to settle their tax liabilities for less than they actually owe. It is based on your reasonable collection potential – not on how much you owe.
So, the short answer to the question of, "do offers in compromise work" is, YES! Many people have been able to settle their IRS tax liabilities for much less than they actually owe. The offer in compromise doesn’t work for everyone, so I would encourage you to speak with a qualified tax professional who handles offers in compromise to see if you would qualify.