IRS Resolution & Tax Preparations Specialists

Offer in Compromise

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? This program allows taxpayers to settle debt with the IRS for taxes that have been incorrectly assessed or for liabilities they cannot afford to pay.

The IRS Code states: “We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” (Internal Revenue Code section 7122).

Often, it is possible to completely eliminate your tax debt – including all penalties and interest – at an enormous discount. With an Offer in Compromise, presented correctly, your debt may be settled for only 5-15% of what you presently owe. There is no preset bottom limit that the IRS will accept to settle your debt. The key is to determine the least amount that the IRS will accept from you, before the offer is made.

The majority of tax professionals are unaware of the proper way to complete Offers in Compromise. Steve is a Certified IRS Issue Resolution Specialist. He knows how to get these done, and has gotten them done. Call today, to see if you qualify.