Offer in Compromise
Offer in Compromise
The IRS Offers in Compromise program (OIC) allows a taxpayer who qualifies an opportunity to settle delinquent taxes for LESS than the total amount owed. Personal, business and even payroll taxes can be included in the OIC program, but is not an instant giveaway. We must prove (in some cases several times over several months) that it is within the IRS’ best interest to settle your tax debt for less than you owe. Beware companies that make OIC’s sound easy and promise the moon.
We will step in, step up and settle your tax debt.
- The OIC process requires:
- Formal written procedures.
- Repeated submission of intricate financial questionnaires.
- Several rounds of negotiations.
With 20+ years of experience we are experts in the latest offer in compromise administrative procedures and all updated guidelines. Although the program is not for everyone, it is not uncommon to see staggering tax debt reductions for our clients who qualify.
