Offer in Compromise

This program was developed by Congress to help collect large amounts of outstanding tax in a relatively short period of time. Their assumption was to offer taxpayers a one-time opportunity to eliminate their debt for a fraction of what was originally owed, thus closing millions of costly collection cases. While the program has been and continues to be modified, it remains the most effective means for both taxpayer and IRS to bring permanent resolution.

An offer in compromise is an agreement between a taxpayer and the IRS that resolves the taxpayer's tax debt. The IRS has the authority to settle, or "compromise," federal tax liabilities by accepting less than full payment under certain circumstances. A tax debt can be legally compromised for one of the following reasons:

• Doubt as to Liability - Doubt exists that the assessed tax is correct.
• Doubt as to Collectibility - Doubt exists that you could ever pay the full amount of tax owed.
• Effective Tax Administration - There is no doubt the tax is correct, and no doubt that the amount owed could be collected, but an exceptional circumstance exists that allows the IRS to consider a taxpayer's OIC. To be eligible for a compromise on this basis, the taxpayer must demonstrate that collection of the tax would create an economic hardship or would be unfair and inequitable. - Source IRS

Qualifying for this program should be relatively straightforward: when there is a financial hardship and the amount owed exceeds one's ability to realistically pay off the debt in five years, the IRS is willing to settle for literally "pennies on the dollar." On average, the qualified taxpayer saves thousands of dollars, and the IRS, in turn, ends their costly collection process and gets a compliant taxpayer.

Because of the popularity of the program, however, millions of frivolous cases were submitted, bottlenecking the process. Now, each case is scrutinized and examined to the dollar. Any small miscalculation and the amount offered will skyrocket, or, even worse, be rejected altogether. Thankfully, our staff of professionals has years of experience and know the intricacies of the program. Because we use the same formulas and guidelines as the IRS, we are able to assess the lowest possible amount the IRS will accept before it is submitted, thus eliminating the guesswork and worry. When you call, your assigned tax strategist will walk you through the procedure, answering any questions and providing a free, accurate assessment of your case.

Call 1-800-410-8738 and speak to one of our tax professionals today!

When you call, you will be assigned a personal tax strategist who will oversee your case from beginning to end. They will outline the specifics of your case and map out the best solution possible based on your current situation. If you've received any certified mail or other threatening correspondence recently, make sure and tell them so they can take the necessary steps to intervene with immediate action. As a convenience, you can also fill out an on-line application and one of our strategists will get back to you promptly. Don't wait until it's too late! Relief is just a simple phone call or click away.