If you have been contacted by the Internal Revenue Service (IRS) or the South Carolina Department of Revenue (SCDOR) regarding unpaid taxes, penalties and/or interest and you cannot afford to pay the balance due, you may be able to secure an Offer in Compromise, a modification of the tax liability and establishment of a payment arrangement. An Offer in Compromise is a legally binding agreement between a taxpayer and a taxing authority whereby the taxing authority agrees to accept as full payment an amount that is less than the amount of the existing liability and the taxpayer agrees to pay the agreed upon amount in one lump sum or as part of a short-term payment plan.

If you or your business (or a former business) owes past due taxes, penalties, and/or interest and you know you could never afford to pay the amount you owe, you are probably a good candidate for the Offer in Compromise program. You may be eligible for the Offer in Compromise program even if you are currently under an Installment Agreement.

If you would like to discuss the Offer in Compromise program please contact the South Carolina tax collection attorney at Turner-Vaught Law Firm, LLC today at (843) 839-2580 or contact us online.