IRS Tax Offer In Compromise

Solutions > IRS Tax Offer In Compromise

If you owe back taxes to the IRS, you may be able to resolve the tax dues for less money with an offer in compromise or fresh start initiative. The IRS Offer in Compromise may be just the right IRS tax resolution you need. It is an out of court agreement between the IRS and the taxpayer that agrees to a resolution of the taxpayer’s liability, while placing collection efforts on hold. The Internal Revenue Service has the authority to compromise federal tax liabilities by accepting less than full payment under certain circumstances. These circumstances are:

• Doubt as to liability – Doubt exists that the assessed tax is correct.
• Doubt as to collectibility – Doubt exists that you could ever pay the full amount of tax owed.
• Effective tax administration – Economic hardship which present little chance of repayment.

If you qualify for an Offer in Compromise and meet the IRS criteria, our veteran Tax Attorneys, Enrolled Agents, and Tax Specialists will contact the IRS for you and work towards your Offer in Compromise agreement. The discussions usually center on the proper valuation of your assets, accurate information about your monthly income, and living expenses.

Tax Tiger has the advantage of a national perspective regarding the Offer in Compromise process, because we have active cases throughout the United States, which helps eliminate the misapplication of tax law and prevent unnecessary errors while working Offer in Compromise reductions. Through many years of experience and insight into unpublished IRS administrative practices and policies, Tax Tiger has developed an expert understanding of the Offer in Compromise process, and because of this, we have been able to resolve cases at the lowest amounts the IRS will allow for each qualifying taxpayers situation. That insight we have into the Offer in Compromise process allows us to minimize the opportunity the IRS has to return an offer without resolution.

Tax Tiger services the entire United States from office locations in Austin, Texas; Minneapolis / St. Paul, Minnesota; the San Francisco Bay Area, San Diego (Carlsbad), and Sacramento, California. To find out more about how Tax Tiger can help, get in touch by visiting our contact page and filling out our convenient online form.

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