What Is an Offer in Compromise?
An Offer in Compromise is an agreement between a taxpayer and the IRS that settles a Tax Debt for less than the full amount they owe the IRS. The key to a successful Offer in Compromise is to know just how little the IRS will settle your Tax Debt with you for. Working with a tax professional will allow you to submit a plan that works for you, not the IRS.
The Benefits of Working with a Tax Resolution Professional to Settle your IRS Tax Debt. Working with a Tax Resolution Professional when you owe the IRS can save you hundreds or even thousands of dollars off your tax debt. Here's how:
Speed: Tax Resolution professionals can speed up the application process. They are experienced with technical tax debt details and know exactly what forms and documents you'll need to qualify for an Offer in Compromise when you owe the IRS.
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Need Offer in Compromise Help? We Can Do It!
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Success: When you owe the IRS, your goal is success, and a large percentage of Offer in Compromise applications are denied. A Tax Resolution Professional can help you defy the odds and succeed in getting your tax debt settled.
Experience: If you're here, chances are high that you've never filed for an Offer in Compromise or your Offer in Compromise application was denied. Tax Resolution Professionals know the drill when it comes to tax debt. They've submitted hundreds of Offers and gotten them approved.
The Offer in Compromise agreement requires full financial disclosure, as the IRS compares your tax debt settlement offer to what they calculate you are actually able to pay. Should the government accept your Offer in Compromise when you owe the IRS, you must submit the first installment of the amount agreed upon to cover your tax debt within 30 to 90 days of acceptance. You must also remain completely, 100% compliant to the terms of your Offer in Compromise for 5 years.
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"The IRS placed a $50,000 tax lien on my property. I had no clue where to turn. Your team of tax advisors and attorneys was able to settle my claim with the IRS for $2,000." James M. - Irvine, CA (see video testimonial)
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