WATAX estimates about 30% of our client's qualify for an Offer in Compromise(OIC). As I described it in my 2016 video, if you can show that you cannot pay the IRS before your debt expires, you might be a candidate.
But what if you don't qualify for an OIC?
If you haven't filed taxes in quite some time and won't be able to settle the tax debt, you can consider:
* Filing 2013 to 2018 returns as aggressively as possible and negotiate a livable installment agreement on what you owe. If you are vigilant, you can avoid tax liens and levies.
* If filing that many returns creates an astronomical balance that you don't see yourself paying off easily, you can see if the IRS will accept JUST your most recent years (2016, 2017, 2018 or fewer) with full payment plus penalties and interest. If the IRS asks you for the older years, you will comply but some of you might want to see how they will react. Quite possibly they'll let you slide!
