“Offer in Compromise” is an Internal Revenue Service (IRS) program undergoing recent changes. The improved program will allow middle-class American taxpayers the flexibility to pay off debts faster than before the changes. The forgiveness program will provide immense relief to taxpayers once negotiations have been made. In order to take advantage of the program’s benefits, you must qualify under certain qualifications dictated by the IRS. Forgiveness goes a long way.
Not complying with Government and IRS regulations during income tax season can result in legal ramifications and insurmountable debt. Seek the legal guidance of an accountant with expertise in handling your tax documents to ensure mistakes are avoided.
To learn more about IRS regulations and tax preparations for the upcoming income tax season, contact the Weslaco CPA experts of Gonzalez & Arrambide, Inc. at (956) 351-653.