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Michael Anderson has helped his clients eliminate millions of dollars in IRS debt over more than 20 years by challenging incorrect IRS debt amounts, settling IRS debt, and using bankruptcy law to discharge IRS debt and other debt. More

I get asked all the time about whether it’s true that the IRS will actually “forgive” or “settle” tax debt…I find myself thinking about it even when I don’t want to be.

It’s like a song that you can’t get out of your head. 

So in another effort to answer the…here is another general review…

Yes! the IRS Will Settle

No one likes bankruptcy, except bankruptcy attorneys.

For most Americans, it remains a very negative process. In fact…many of our clients refuse to even consider bankruptcy during a first meeting.

I don’t blame them. It’s interesting however, how many of those who are initially so opposed, change their minds once they see the potential benefits.

Why is bankruptcy a mind

Faced with large tax debt and feeling hopeless? Take heart…if you are willing to create a “strategy” and combine it with some hard work and patience, there may be a real solution. The following are the most 5 common methods people use to deal with tax debt.

1. Use the IRS Statute of Limitations to Your Advantage

Congress limited the

The law under Internal Revenue Code Section 6330 requires that the IRS send out a “Final Notice of Intent to Levy” before it can actually levy an account or garnish a wage.

It usually follows the law in this regard, and sends a specific letter out by certified mail typically designated as an LT11 Letter in the upper right hand

Many of our clients have large IRS debt and some don’t qualify well to settle their debt in an IRS offer in compromise.

The truth is…most people with tax debt don’t. (Read more about IRS Offers in Compromise and how they work)

Most Taxpayers end up in a payment plan either based on time, or in one that uses their

The IRS Offer in Compromise isn’t always necessary or available. Most people with tax debt just don’t make good candidates for the IRS’ formal “settlement” program.

The question for those who do qualify for the Offer in Compromise is whether it’s really necessary to try?

There are ways to keep the IRS at bay that may be less “difficult” than