Offer In Compromise
An Offer in Compromise, also known as an OIC, is a petition filed by a taxpayer to offer a onetime payment to the IRS that is less than the full amount of tax debts owed. Your state and the IRS do not allow most people to do an OIC. How do you know if you stand a good chance to get an Offer in Compromise accepted? Easy, give us a call and we will give you a FREE Analysis.
& IRS Offer in Compromise Guidelines
It is very easy for someone to foolishly attempt to do an OIC when most experts could tell them that it would have an unlikely chance of getting approved. In most cases, an OIC is accepted if you owe more than $5,000 to the IRS, and currently make much less then when you occurred the tax debt. If you can prove that you are now making considerably less or nothing at all, have 20-60% of the total debt available to settle, then you stand a much better chance at getting an Offer in Compromise approved by your State and the IRS. Call us today for a free and honest analysis of you tax debt situation