With Tax Alliance's assistance, it might be possible to wipe your tax debt clean at a substantial discount. If you get approved for an Offer in Compromise, or "OIC," the IRS will accept 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 form of tax resolution for those who truly need it. On average, individuals who resolve 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 total amount you owe. It might be a legitimate option if you can't pay your full tax responsibility, or doing so produces a monetary hardship.
The Internal Revenue Service will consider your situation based on an unique set of facts and circumstances, such as:
The IRS normally approves an Offer in Compromise when the amount offered represents the most they can presume to collect within a sensible amount of time. The Offer in Compromise program is not for everyone. Get in touch with us to learn more and to see if you're qualified for the program.
Make Certain You Are Eligible
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 IRS will return any kind of newly submitted Offer in Compromise (OIC) application if you have not filed all required tax returns and have not made any kind of required approximated 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 lower 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.
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! We help our clients nationwide!