There are a number of sources that are trying to persuade you not to apply to settle your tax debt. Basically for these settlements, you come to an agreement with the IRS on how much you will pay if you owe anything. This method is disputed because skeptics say that there is more chance of having to pay anything. The truth is that the IRS knows there are a lot of people who can't pay their debt but are willing to make a compromise. Basically the IRS is looking for a reasonable amount to be paid, but not necessarily all of it.
There are a few ways to go about doing this. You can technically do it yourself, but you run the risk of making more mistakes. Many people in this situation panic and complete the process incorrectly. There are lawyers and agencies that can help you out with this. They specialize in this process and will get you the best deal that they can.
If you find out that you owe money on taxes, for whatever the reason, whether it was incorrect filing, or just not filing at all, then this may be a better way to straighten out your matters. You will not have to pay anything on the amount that has been forgiven, and even if you do end up still having to pay out a revised balance, you can be certain that it will not be as much as you owed before you filed. In the end it will save you money.
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