What is an IRS Offer in Compromise?
An Offer in Compromise is an IRS tool that allows us to settle your tax debt for less than the full amount you owe.
How does an Offer in Compromise work?
The IRS doubts your ability to repay your tax debt in full, but they want to
collect something from you. They look at how much you owe, how much (they think) you can truly afford to pay, and how much time they have left to collect the tax bill to decide what percentage of your tax debt you should pay back.
How much can you save me with an Offer in Compromise?
There is no magic number or percentage, and if anyone promises you anything different…run! We are never quite sure what the IRS is thinking. It’s our job to paint a beneficial, yet realistic picture of our finances to the IRS so they don’t take more thanyou can afford.
How do you get my Offer in Compromise approved?
First, we make sure you’re eligible. Next, we substantiate your offer and provide evidence to support our offer. We ensure your submission is reasonable based on your actual ability to pay. Sometimes, we may even find other options that will work better for you. We have a proven track record of success in helping thousands of taxpayers dig out of years, even decades of tax problems.