Offers in Compromise
It is true that the Internal Revenue Service and state tax agencies have the authority to settle your tax debts for less than is owed, under certain circumstances. As former IRS employees, we know the criteria that these agencies use to evaluate and accept proposed Offers in Compromise. We will examine your situation closely, and if appropriate we will negotiate with the tax agencies a settlement which is fair to you and acceptable to them. We successfully fought for and secured for our clients:
Owed Amount
Accepted Amount
$ 149,322.21 $ 1,500.00
$ 654,645.44 $ 100.00
$ 24,218.66 $ 1.00
$ 21,067.11 $ 2,600.00
$ 138,726.19
$ 500.00
$ 41,333.27 $ 5,000.00
IRS Policy Statement P-5-100 (reads in part):
Offers will be accepted: The Service will accept an offer in compromise when it is unlikely that the tax liability can be collected in full and the amount offered reasonably reflects collection potential. An offer in compromise is a legitimate alternative to declaring a case currently not collectible or to a protracted installment agreement. The goal is to achieve collection of what is potentially collectible at the earliest possible time and at the least cost to the Government.
Contact us now for a free, one-half hour confidential consultation.
