Tag Archives: IRS Offer in Compromise

About Highland Tax Group, Inc. Your Denver Tax Resolution Specialists

About HTG Highland Tax Group, Inc. was founded with the intention of helping others with their IRS tax problem or IRS tax audit. We have helped many clients resolve their IRS tax issues so they can get back to living their lives with a sense of peace, harmony, and security.  We offer Tax Resolution Services, […]

HTG’s Mike J. Wallen, EA is a Published Author!

We’re very pleased and grateful to announce, Mike J. Wallen, President, and Founder is a published author! Mike had the opportunity to co-author a book with several other talented business owners this past year, all of which offer insights to growth, leadership, management, managing employees, sales and cash flow, and other business topics. He discusses […]

5 Things You Can Do (Accidentally) to Mess Up Your IRS Offer in Compromise

The IRS offer in compromise can dramatically lighten your tax burden, but you shouldn’t rest easy just yet. Far too few offers are accepted, with the following mistakes often standing in the way. Skipping Financial Details Attention to detail is critical when you apply for an OIC. Plan to submit extensive information about your earnings, […]

The Most Common Questions People Have About the IRS Offer in Compromise Program

The IRS offer in compromise provides the promise of a fresh start, complete with considerable tax savings. Unfortunately, this arrangement is notoriously difficult to achieve. Given this program’s high rejection rates, there is no room for error. It’s in your best interest to clarify the following questions well before you apply: What if my offer […]

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 […]