The IRS does deal on taxes owing, including all penalties and interest. The requirements are rigid, but if you qualify the results are FANTASTIC.
To qualify for a deal with the IRS, we would suggest that you owe the IRS at least $5,000, and have very little in the way of equity in assets. Also, you must be using your monthly income to pay your necessary living expenses and not have much or only a small amount left over to pay old taxes. There are also special issues and considerations such as age and health that can provide for a negotiated settlement.
If you meet these requirements then you owe it to yourself to explore the possibilities of PAYING THE IRS ONLY 10 CENTS ON THE DOLLAR FOR THE TOTAL AMOUNT OWING, OR LESS!!!
The IRS cuts these deals to get you back in the system as a current taxpayer and to collect a few bucks on the old taxes owing. The fine print in these deals requires you to file your tax returns and pay on time for the deal and bills you for the original amount.
OFFERS IN COMPROMISE, WHEN ACCEPTED, allow the taxpayer and their families to get a fresh start. If you think you may qualify, then you must consider it as the best TAX SAVING TOOL available.