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 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 […]
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. […]
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 […]
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. […]
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, […]
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 […]