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 […]
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 […]
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 […]
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 […]
We often receive calls from clients looking to save money off of their IRS tax bill. They call with a larger tax liability, or small, and ask if they qualify for an offer in compromise. At times, they do. At times, we can save a significant amount of money off their IRS tax bill. At […]
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 […]
What is the Internal Revenue Service’s Offer In Compromise (OIC) program, and what does it take to qualify for this relief? This IRS program allows someone who owes federal taxes to pay less than the full amount that’s due, provided that certain conditions are met. The Offer in Compromise program reviews the best interests of […]
The IRS Fresh Start program helps taxpayers reduce tax debt and set up manageable payment plans. The program allows qualifying small business owners and individuals to receive penalty relief, negotiate installment agreements and sometimes reduce overall liability. Under the Fresh Start program, the IRS has increased the minimum amount taxpayers must owe before the IRS […]
There have been many exciting stories concerning our clients tax issues this year. The most recent settlement took place for one of our favorite clients. He came to us with a large IRS tax issue in January of 2016 and he didn’t know how to fix the problem. He had been dealing with this tax […]
What happens if you owe the IRS more money than you can possibly pay, even over an extended period like 6 years? (That’s the current maximum for the agency’s repayment installment plan.) To deal with these cases, the IRS has developed an IRS Offer in Compromise (OIC) Program that allows you to repay less than […]