All over the television, and in your spam email box, there are advertisements for IRS settlements. These companies can help you lower your IRS debt for a fee, customers say they paid a minimal amount, blah blah. Is this a scam? Well, most likely. There is a possibility of a settlement for your IRS debt, but you definitely do not need to pay horrendous fees to a company to do it for you.
Here are some tips:
1.An IRS settlement is called an Offer in Compromise.
2. The IRS cannot accept a settlement if you can actually afford to pay your bill. If you know this is you, check out the payment plan options on the IRS website.