If you need assistance filing for an offer in compromise, we can help. A Offer In Compromise (OIC) is an excellent program offered by the IRS that allows taxpayers to pay less than they owe. An offer in compromise can also resolve many tax problems, such as a tax levy or tax lien, or it can prevent the IRS from taking collection actions on taxes that you are unable to pay. However, because t is extremely difficult to get an offer in compromise approved, it is important to find an experienced tax professional who can analyze your financial situation to determine whether you are a likely candidate, and, if so, who can make this filing on your behalf.
An offer in compromise can be a blessing to the few taxpayers who qualify. For those taxpayers, an offer in compromise provides a second chance at financial freedom and relieves a heavy tax burden. Unfortunately, although many taxpayers hope to qualify for an OIC, most do not meet the financial requirements due to their net worth or future income potential.
The members of our partner tax team pride themselves on the quality tax work and financial analyses that they provide for their clients. Unlike many tax firms who advertise the offer in compromise program without bringing attention to the fact that many people will not qualify for it, the tax professionals that we work with do not make promises that they cannot keep.
After analyzing you unique situation, a tax expert will tell you whether or not you are a good candidate for an offer in compromise and propose the best plan of action for your unique situation. If you are not a good candidate for an offer in compromise, your tax representative will explain why and propose an alternative plan of action to help you obtain compliance with the IRS and/or state taxing agency.
Our partner tax team is comprised of tax professionals who have a variety of different backgrounds and areas of expertise, a system built to ensure the proper handling of an assortment of tax problems so that you can rest assured that you are in good hands. We have experts who specialize in filing for the IRS offer in compromise program, so they know exactly what is required in order for your filing to be accepted. These tax professionals will use their broad knowledge base to obtain the best possible outcome for you, lifting your tax burden and getting you back on the path to financial freedom.
An offer in compromise requires the help of a tax professional to increase your chances of it being accepted by the IRS, because the IRS is going to look into your financial situation (assets, liabilities, income, etc.) and a tax professional can make sure that all of these records are in order. In fact, the IRS is five times more likely to accept your offer in compromise if you use a tax professional to help you file it. Tax professionals will make sure that all of the appropriate tax filings are accurately completed to ensure your best chance of acceptance. If one of our tax partners believes that you will not qualify, s/he will find a more reasonable tax resolution method for you. It is important to choose an experienced tax firm to represent you.
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