Tag Archives: IRS Offer in Compromise

Fall 2019 Best Practices for Scoring an Offer in Compromise from the IRS

An IRS offer in compromise could be the ultimate solution to your current tax woes. This arrangement allows you to settle your current tax debt for far less than what you actually owe. It’s not exactly easy to achieve, however. Below, we’ve highlighted a few up-to-date options for scoring an offer in compromise in 2019. […]

Offer in Compromise — Resources to Help You Understand This IRS Option

The IRS Offer in Compromise can prove a valuable source of tax relief, but it’s not ideal in every situation. This program is inherently difficult for the average taxpayer to understand. Confusion surrounding eligibility standards and application procedures could ultimately lead to rejection. The more you know, the better prepared you’ll feel for the difficulties […]

What Does Doubt As to Collectibility Mean?

You’ve determined that an offer in compromise is your best bet for resolving your tax issues. Unfortunately, the hard work is only about to begin. As you launch into the OIC application process, you will quickly discover that a lot depends on whether you possess a doubt as to collectibility or doubt as to liability. […]

Does your Accepted Offer in Compromise Become Public Record?

A variety of factors may go into your decision to pursue or avoid an IRS offer in compromise. For some candidates, privacy is a chief consideration. If you count yourself among this growing group of taxpayers, it’s important to understand: offers in compromise are far from private. Accepted offers are a matter of public record, […]

What Forms Do You Need for an IRS Offer in Compromise?

You’ve decided that the IRS offer in compromise (OIC) is the best solution to your current tax issues. If your OIC is accepted, you could settle your current tax debt for far less than you actually owe. First, however, you will need to get through a considerable amount of paperwork. The exact forms you need […]

5 Essentials Things to Remember About the IRS Offer in Compromise Program

Mired in tax debt? The IRS offer in compromise could be your path to a fresh start. This program allows select taxpayers to settle their bill for far less than they actually owe. Whether you intend on seeking an OIC or simply would like to know more about your options, you’ll want to keep the following five […]

Innocent Mistakes That Could Disqualify You From Getting An IRS Offer in Compromise

An IRS Offer in Compromise may seem like your best bet for escaping the burden of tax debt that currently dominates your life — but it’s by no means guaranteed. One wrong move on the long road ahead, and you could inadvertently disqualify yourself from this valuable program. As you proceed, make every effort to […]

Quick And Interesting Stats About the IRS Offer in Compromise Program

The IRS Offer in Compromise (OIC) program provides a valuable opportunity for those who struggle under the burden of tax debt; qualified individuals agree to make payments in exchange for a significant reduction in tax liabilities. But while accepted taxpayers and certain IRS representatives sing the program’s praises, statistics often tell a different story. Applications […]

Getting an Offer in Compromise on 941 Tax Debt

Struggling to pay the business tax debt? Don’t ignore the issue; help may be available. An Offer in Compromise may allow you to settle your debt for less than you actually owe. It’s a great option for avoiding harsh action from the IRS and minimizing the burden of tax debt on your company. What Is […]