March 31, 2008

• Comparing Bankruptcy With an IRS Offer in Compromise

  Frequently, we meet with potential clients who have significant tax debt in addition to credit card, vehicle loan or mortgage debt.  In some cases, the tax problem is the factor that led a person to call our office.  In those cases where tax problems are the driving force behind the consultation, we have to consider whether the client is better off filing bankruptcy or pursuing a negotiated settlement with the IRS. (…)