Watch out for pennies on the dollar SCAM Tax DEBT SETTLEMENT Companies!

The IRS warns taxpayers about offer and compromise mills that deceptively persuade them to believe they can settle a tax debt cheaply, costing them thousands of dollars in excessive promoter fees. Although the Offer In Compromise program is genuine, people must meet specific requirements to qualify. The IRS suggests that individuals consult resources available on irs.gov, including the IRS's offer and compromise pre-qualifier tool, to avoid such costly promoters and establish whether they meet the criteria for the OIC program, including first-time penalty abatement policy.
Thanks for watching! Please Like, Comment, or Subscribe for more videos!
This is a Clip from the Vlog "r/IRS Questions," which hopes to provide a steady path of information for the /r/IRS Reddit community and anyone interested in tax compliance. This channel also features the latest Internal Revenue Service news, IRS commentary, and tips from tax expert John R. Dundon.
www.reddit.com/r/IRS
www.JohnRDundon

Links: https://www.irs.gov/newsroom/dirty-dozen-watch-out-for-offer-in-compromise-mills-where-promoters-claim-their-services-are-needed-to-settle-irs-debts
https://www.irs.gov/payments/penalty-relief-due-to-first-time-abate-or-other-administrative-waiver
https://irs.treasury.gov/oic_pre_qualifier/