Have you suddenly found yourself with a significant amount of overwhelming tax debt? We know it can be scary, but you may have options. Through the IRS’s Offer in Compromise program, you may be able to settle it by paying off just a fraction of what you owe.

Not everyone is eligible, but you may be if you:

• Filed all required tax returns and made all required estimated payments.

• Aren't in an open bankruptcy proceeding.

• Have a valid extension for a current year return (if applying for the current year).

• Are an employer who has made tax deposits for the current and past 2 quarters before you apply. (Not required for non-business owners).