It’s called the “offer in compromise” (OIC) and it’s available to virtually anyone who owes the IRS back taxes. The idea is to settle with the IRS for less than the full tax liability. When you make an offer to the IRS to pay a specific amount of money, and the IRS accepts your offer, you are entering into a contract with the government. Terms and conditions apply to both parties – you and the IRS. An experienced IRS tax lawyer can negotiate for the taxpayer the most favorable terms possible.
The offer in compromise has been a life saver for many Faith Firm clients, yet it’s not for everyone. The vast majority of our clients are “success stories” because we solve their tax problems using a variety of methods, not just the offer in compromise. It’s vital you consider all IRS solutions if you desire permanent IRS relief.
Offer in Compromise Success. Getting the IRS to accept an offer in compromise requires knowing whether you have a reasonable chance of success before the offer is submitted. When we represent a client, we will quickly determine if a reasonable opportunity for success exists. We know what the IRS is looking for, and if our client has the right stuff to get the offer through. Think of it like knowing the answers to a test before you take the test!
If the offer in compromise won’t work, other programs will work. There is no such thing as a hopeless tax case. There is always a solution, yet it may not be the solution we initially considered.
Unfortunately, “tax resolution” companies sell vulnerable citizens on tax programs doomed to fail, but they couldn’t care less. The scammers get their fee and that’s all that matters to these sales and marketing companies disguised as tax professionals.
That’s not what I want for you, and I know that’s not what you want for yourself. We encourage you to get the free book, The Truth about Tax Settlement and Alternative Tax Solutions.