When you're buried under a mountain of unpaid taxes, you dont need to feel hopeless. The IRS and State tax authorities are more flexible than you may know and may be willing to work with you to resolve your tax problems.Our tax relief specialists at Timberline Tax Group work directly with the IRS and State tax authorities. We help clients file for an offer in compromise (OIC), an agreement between the taxpayer and the government to settle the taxpayers outstanding tax debt for less than the full amount owed. If granted by the IRS or State tax authority, an OIC reduces taxable income by accepting a settlement payment for less than what is owed based on income and assets.An offer in compromise is an option that may be available if you cannot pay your full tax liability when it is due.
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