Offer In Compromise Approved With Proof Of Financial Distress

You must prove beyond a shadow of a doubt that you do not have the ability to repay the IRS. You can not have any cash, little or no income, no assets and the ability to withstand a possible IRS Audit, there are many avenues available to the taxpayer to prove financial hardship. Being declared as Currently Non Collectible is One, Performing an Offer in Compromise with zero as the offer will work even better. To recieve the best possible outcome when dealing with the IRS, takes planning and patience. During the actual determination of Financial Hardship the IRS does not take into account past performance, Only Your ability to currently pay, Or pay in the near future. There are some professions that would prevent this declaration from being engaged, being a physician is one, A physican even if they do not have assets or cash on hand, have the ability, thru the nature of who they are, to workout some sort of repayment plan with the IRS. Their declaration of being in financial hardship will be rejected.

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