How much Less? Well, if you qualify, a lot LESS! The IRS looks at these old tax liabilities and knows it can’t collect most of them. So they have set up this great new program called Offer In Compromise. This program allows taxpayers to pay pennies on the dollar to settle up on old income tax and payroll tax liabilities.
When I say Settle UP, I mean completely, 100%! Once the IRS has accepted the amount you offer and you pay the reduced amount,the IRS then releases all Federal Tax Liens. Your IRS nightmare is over and you get your life back.