Established
by the Internal Revenue Service, the Offer In Compromise Program
is a formal application to the IRS requesting that less than
full payment for what you owe for taxes, interest, and penalties
be accepted.
An
offer in compromise may allow you to settle your IRS
liability
at a substantial discount on the basis of doubt as to
collectability,
liability, or effective tax administration. In addition, while
your Offer is under consideration, the Internal Revenue Service
is prohibited from instituting any levies of your assets and
wages.
Most people do not have the necessary skills or knowledge
of the IRS collection process to make an Offer In Compromise
that is in their best interest.
Many
people fill out the forms incorrectly, overstate their assets
and income, and offer too much. Government figures show that
75% of Offers are returned at the beginning due to forms being
filled out incorrectly; and of the 25% that are processed,
approximately 50% of them are rejected.
Click
here
to see how the Offer in Compromise process works.
Click
here
to complete an Offer in Compromise Prequalification Form.
With
our Tax Advisory Service, we can conduct a evaluation of your
current tax situation and make some recommendations. If we
find an area of concern, you can rest assured that by engaging
our services, our office will act as your advocate and seek
to resolve your IRS problems.
For
prompt evaluation of your case, we encourage you to click
here to register for our Tax Advisory Service. You
may also contact us using our toll-free number at 866.494.6829.
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