There are a few ways of going about settling tax debt, all of which have their pros and cons. The first one is by going through the process yourself. In doing this, you have to be sure to follow the instructions carefully and have all of your documents prepared. They may require anything for proof of income, loan documents, and anything else that might affect your financial status. Some say that if you are too helpful, that they will dig deeper and may find things that you don't want them to see, but at the same time you need to be honest and cooperative with them. So if you choose to pursue the matter in this way, be wise.
The other ways include having a lawyer or an agency go through these steps with you. They will advise you on what kind of documentation that you need, and they will help you fill out the forms and make an appropriate offer to the IRS. You have to be careful when choosing someone to work for you. Shop around; look for the best rates of payment; and when they want to be paid. The agents or lawyers who expect to be paid upfront can take longer in reaching a settlement because they already have their money. Some may ask for a small starter fee then ask for the balance when an agreement has been made. This is usually the better route out of the two.
All of the methods have potential problems, leaving people confused, but if you do enough research you can come up with a proper conclusion of how to settle your tax debt.
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