The IRS and some states have a program that allows you to settle your tax liability for less than is owed. The IRS calls this an Offer in Compromise. If you qualify you may be able to pay less than you own. The IRS, however, isn’t known for giving gifts and very few people qualify under the stringent standards in place. Also, be aware that many companies advertise that they can settle your taxes for “pennies on the dollar” when in fact there is zero chance of getting a reduction. Contact Larson Tax Relief to learn if this option can work for you.