With Tax Alliance's help, it may be possible to wipe your tax debt clean at an enormous discount. If you qualify 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 settle their debt using the Offer in compromise method end up paying less than the actual amount owed.
An Offer in Compromise allows you to settle your tax debt for less than the full amount you owe. It might be a legitimate choice if you can't pay your complete tax responsibility, or doing so creates a monetary hardship.
Internal Revenue Service will certainly consider your circumstance based on unique set of facts and also situations, such as:
IRS typically accepts 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 everybody. Get in touch with us to learn more as well as to see if you're gotten approved for the program.
Make certain You Are Qualified
The Internal Revenue Service will only think about an offer in compromise if it is for one of the following factors:
IRS will certainly rule out your offer if any of the adhering to are true:
The Internal Revenue Service will certainly return any type of newly submitted Offer in Compromise (OIC) application if you have not filed all required tax returns and also have actually not made any kind of required approximated repayments. Any application fee included with the OIC will certainly additionally 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.