How do I reduce the amount in taxes I owe to the IRS? 4 Answers as of July 18, 2011
Who do I talk to to reduce my taxes owed to the IRS. I owe 16k and would like to have it lowered if possible. Settle for a smaller amount.
Steven J. Fromm
| Steven J. Fromm & Associates, P.C.
You need to retain a tax attorney to see if you have any grounds to negotiate either an installment plan, an offer in compromise or some other legal avenue, such as personal bankruptcy, in more dire cases.
Answer Applies to: Pennsylvania
The Schreiber Law Firm
| Jeffrey D. Schreiber
The way to settle taxes for less than what you owe is an offer in compromise. A tax resolution attorney can best advise you whether you qualify to reduce the amount you owe.
Answer Applies to: California
| Tomas Ayuban
You would need to file for an Offer in Compromise. I strongly suggest you consult with a tax attorney to determine what kind of offer in compromise you would best be eligible for.
Answer Applies to: Florida
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