Offer in Compromise - Overwhelmed by federal tax debt?
An Offer in Compromise could be an option if you don’t think you’ll ever be able to fully pay off your tax bills. Tax Help US can help you settle your tax debt for less than your current balance if it seems unlikely you’ll be able to pay it.
Tips to have your Offer in Compromise accepted by the IRS:
- It must be doubtful that you will have the income and assets in the long run to sustain a payment plan
- If you have explored other payment options for your back taxes and they are not working out for you, an Offer in Compromise may provide the financial relief you are looking for.
- Preparing an Offer in Compromise is a long an tenuous process that requires a great deal of communication with the IRS as well as a thorough documentation of your current, past and projected financial situation.
- To significantly increase your odds of having your Offer in Compromise accepted by the IRS, you need representation by tax specialists who are highly experienced in the Offer in Compromise process, eligibility requirements, settlement negotiation, and appeals.
- Be advised that Offers in Compromise are not available to all taxpayers, including taxpayers who have open bankruptcy proceedings.
Get started with an Offer in Compromise
For additional information on obtaining a successful Offer in Compromise and getting your tax debt reduced, call or email the tax specialists at Tax Help US who have over 35 years of experience. Our OIC offers have been accepted by the IRS at a rate of 75% whereas the industry average is just 40%