IRS Offer in Compromise Settled for $283.00

Share on facebook
Share on google
Share on twitter
Share on linkedin

Our client came to us last year with an IRS tax issue totaling $20,000. He didn’t know where to turn or what to do. However, he was aware he wanted to file for an IRS Offer in Compromise. We immediately began working with him to do so. In order to qualify for the IRS Offer in Compromise process we needed to discuss several items of which are listed below.

First and foremost our client needed to make sure all of his tax returns were filed and up to date to qualify for the IRS Offer in Compromise process. We sent him to one of our trusted Enrolled Agents to complete the work. Once the tax returns were completed we immediately began working on the financial form 433-A for the client.  The 433-A form is the mail tool we utilize to find out if someone qualifies for the IRS Offer in Compromise process. After working on the 433-A at length we determined our client did qualify for the IRS Offer in Compromise.

We immediately began working on the IRS Offer in Compromise forms on behalf of our client. The forms for the IRS Offer in Compromise are not challenging to fill out, however, if filled out incorrectly, the IRS will return or reject the IRS Offer in Compromise. A few things we had to watch out for concerning the IRS Offer in Compromise:

– We had to be sure all blank line items were filled out, we didn’t leave any spaces blank, and we made sure our clients SSN was listed on all appropriate schedules and forms

– We made sure the IRS Offer in Compromise fee was included with the Offer form as well as the down payment

– We made sure each tax module owed for was listed on the IRS Offer in Compromise form

– We made sure the IRS Offer in Compromise was signed, dated, and our clients address was filled in correctly on all applicable pages necessary

– We made sure to include the approved IRS Offer in Compromise financial form

After crossing all of our T’s and dotting all of our I’s we decided to file the IRS Offer in Compromise form on behalf of our client. Once it was received (which can take up to 6 or 8 months) we received a letter back discussing the results and what the IRS was looking for in relation to the Offer in Compromise form. We supplied what the IRS was asking for; updated pay stubs, bank records, and a statement on our clients State of Colorado payment plan and waited.  A month went by without an answer on our IRS Offer in Compromise. Unfortunately, it is not uncommon for the IRS not to call back.  We pestered and won. The IRS released a letter accepting our Offer in Compromise as originally filed for $283.00! Our client was thrilled and has since paid his IRS Offer in Compromise in full and satisfied the terms of the Offer.

If you or someone you know is curious about the Offer in Compromise strategy, please feel free to contact us directly at 720-398-6088!