With Tax Alliance's help, it may be possible to wipe your tax debt clean at a substantial discount. If you qualify for an Offer in Compromise, or "OIC," the IRS will approve less than the amount a taxpayer owes on a tax bill and call it even.
An Offer in Compromise (OIC) is an agreement between the taxpayer and the IRS that settles the tax liability for less than the amount owed. The Offer in Compromise can in some cases be a life-altering kind of tax resolution for those that genuinely need it. Generally, individuals that settle their debt utilizing the Offer in Compromise method end up paying less than the actual amount owed.
An Offer in Compromise enables you to resolve your tax debt for less than the full amount you owe. It may be a legitimate choice if you can't pay your complete tax obligation, or doing so develops a financial challenge.
The IRS will consider your situation based on a special set of facts and circumstances, such as:
The IRS normally accepts an Offer in Compromise when the amount offered represents the most they can presume to collect within a reasonable amount of time. The Offer in Compromise program is not for everybody. Get in touch with us for more information and to see if you're qualified for the program.
Make Sure You Are Qualified
The Internal Revenue Service will only consider an offer in compromise if it is for one of the following factors:
The IRS will rule out your offer if any of the adhering to are true:
The Internal Revenue Service will return any type of newly submitted Offer in Compromise (OIC) application if you have not filed all required tax returns and also have not made any kind of required estimated repayments. Any application fee included with the OIC will also be returned. Any type of preliminary settlement required with the returned application will be placed to decrease your debt. This policy does not relate to the existing year income tax return if there is a legitimate extension on the documents.
Because of advancements in our technology, we are able to communicate with the IRS electronically, its as if we are in the same office! Faster service and more cost effective!
If you are not happy with our tax services within the initial 21 days, we will give you a 100% refund of services rendered, no questions asked!
You find it, we will match it! Tax Alliance will match and beat (by 10%) any competitive offer. Contact our office today and receive a free no obligation tax consultation.