Offer in Compromise

What will I do if the amount I owe the IRS is so large that I could never possibly pay it off?

Don’t worry... be happy! There is hope! This program offers taxpayers the chance to get a fresh start. An offer amount is determined based upon the taxpayer’s inability to pay. The IRS considers current financial situations, the ability to pay, and equity in assets among other things. If you qualify, you can save thousands of dollars in taxes as well as penalties and interest.

An Offer in Compromise is a program set up by Congress to allow taxpayers to settle their tax debts for less. It allows a taxpayer who owes more than they can afford to pay to settle for less... sometimes much less.

There are three types of Offer.

1. Cash Offer - payable within 5 months of acceptance of the Offer.

2. Short Term Deferred Offer - payable in equal monthly installments over a 24 month period.

3. Long Term Deferred Offer - payable in equal monthly installments over the number of months that you have remaining on the Collection Statute.

NO one can tell you over a brief telephone conversation (or even in person for that matter) that you are guaranteed to have your Offer accepted. This is straight deception. Those companies prey upon your desperation and your eagerness to hear good news. So don’t fall for it. You know that if it’s too good to be true that it is!

Before it can be determined whether or not an Offer in Compromise is right for you, a detailed financial analysis must be performed. We will submit a Power of Attorney on your behalf and speak to the IRS, so that you don’t have to! Then we will submit a detailed Freedom of Information Act request, so that we can find out what the IRS thinks is going on with your case.

Then we will have you fill out a Collection Information Statement and actually advise you how to best place yourself in a position to have your Offer accepted. Most companies that file Offers take you actually as your are without any regard to simple changes that you can make to your financial affairs to better ensure that your Offer will be accepted.

Now that’s the real deal and the simple truth. I don’t have anything to hide. I want you to get an Offer accepted if it’s the right thing for your situation. I have no interest in filing an Offer for you that won’t be accepted. It’s not the right thing to do and I won’t do it. If you haven’t watched the video above, I encourage you to do so, then give us a call tollfree at (888) 438-6474. We represent people from Tampa to the Timbuktu and every where in between. No seriously... I have represented clients on every continent except Antartica so if you’re in Toledo, it’s no big deal. Give us a call the consult is free and you have nothing to lose. If you call those other guys, they’re going to try to sell you a bill of goods. At my firm, we speak the truth and I have your best interests at heart.