Is the IRS threatening you with garnishments or levies? If so, the IRS Offer in Compromise is a tax resolution possibility that you may qualify for, whether you’re an individual taxpayer or a small business owner.
An Offer in Compromise is an agreement with the IRS to settle the tax liability for less than the full amount. The OIC provides the most substantial tax debt reduction. However, the IRS doesn’t accept just any OIC application. If the IRS believes you can pay the tax debt in a lump sum or a payment agreement, they will require that form of tax debt settlement instead. The taxpayer’s income and assets are used to calculate the taxpayer’s reasonable collection potential.
The most recent Fresh Start Program updates included changes that made qualifying for an offer in compromise easier, like no longer counting equity in income-producing assets such as on-going businesses in the calculation of repayment potential.
Alleviate Tax navigates the offer in compromise qualifying process for you, alleviating your tax debt and potentially saving you tens of thousands in penalties, interest, and fees imposed by the IRS. Just how much tax debt have we been able to settle with an OIC?
One of our clients saved 98% of their original tax debt after we got them qualified for an Offer in Compromise.
We cut through the complicated IRS rules and calculations for you, handling the hard work while keeping you updated at each step of the OIC approval process. Our passion is getting the best results available to you!
Contact us using the form below for a free consultation from one of our tax specialists who will help determine your eligibility for an Offer in Compromise–one of the most beneficial forms of tax relief the IRS allows.
In under 15 minutes, you can start breathing easier knowing your tax burden is in the process of being lifted from your shoulders so you can get on with your life.