Thursday 14th of December 2017 8:10:56 AM

  • IRS Offer in Compromise Options

    Wednesday 14th of September 2011 8:15:32 PM

    Many people with IRS tax debts will qualify for some type of settlement, the offer in compromise may be a fit for you if you meet the guidelines.

    The IRS Offer in Compromise program provide qualified taxpayers who owe the IRS more than they could ever afford the chance to pay a small amount as a full and final settlement.

    These OIC programs can also offer taxpayers who don’t agree that they actually owe the taxes in the first place the chance to file a specific type of Offer in Compromise for reconsideration and elimination of those tax liabilities.

    Offer in Compromise programs can once again allow taxpayers to get out of tax debt and have a clean slate with the IRS.

    If an OIC is accepted and you fulfill your payback obligation that was requested, your tax liabilities are considered settled.

    Tax liens can also be released once the tax debt is settled.

    If the Offer filed is based on your inability to pay, the IRS reviews your current financial position and considers your ability to pay, as well as your equity in assets. Be prepared to provide evidence of your inability to pay the IRS.

    When reviewing an Offer in Compromise, the IRS considers many factors including but certainly not limited to:

    • The amount collectible from your assets.
    • The amount collectible from present and future income. The IRS will consider the present value of money in relation to future collection potential. In other words, by accepting the offer the IRS will get money that is worth more today than in the future.
    • The amount collectible from third parties.
    • Sources of funds that are available to you but not subject to IRS collection action.

    This is a complex tax environment, one in which we have worked for a long time and have established a positive record of acceptance upon first submission.

    If you qualify for this program, we may be able to help you save thousands of dollars in taxes, penalties and interest. You must meet the following minimum rules:

    • You must have filed all tax returns. It’s alright to owe money but you must have filed your returns.
    • You will need to disclose all assets owned including all cash and bank accounts.
    • You must not have adequate cash available in a checking, savings, money market, or brokerage account to pay the IRS.

    If you don’t meet this criteria now,  we can still take another look of your tax situation and do remedies for you. Just call us at toll free no. 1-866-499-1156 or visit to help you obtain IRS Offer in Compromise program.  

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1 Comment

  1. Your site has a lot of great stuff. I hate to even mention IRS

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