Offer in Compromise Attorney in Tampa
Resolve Your Tax Liabilities in Florida
If you are currently in a situation in which you owe money to the IRS, you might feel as though you've been backed into a corner. You should know, however, that taxpayers do have options and rights when faced with these circumstances. That’s why it is important to speak to an experienced Tampa tax relief lawyer who can assess your case and help you find the right solution to meet your needs and resolve your problem.
With personal experience with falling behind on our taxes, the Law Offices of Darrin T. Mish, P.A. have represented hundreds of clients in tax-related cases, we understand that there are several ways – such as an offer in compromise – to deal with tax debt and IRS issues. If you're looking for a solution that will work for your family, remember that we are only a phone call away.
What is an Offer in Compromise (OIC)?
Offer in Compromise (OIC) is a program offered by the IRS which allows those who are qualified, to negotiate a settlement with an unpaid tax debt. The settlement is less than the total amount owed in order to clear the tax debt.
How Long Does an Offer in Compromise Take?
The timeline for an Offer in Compromise is different depending on the circumstances of the situation. On average, it takes about 4 - 6 months to complete. If your personal information and financial history is detailed and accurate, the IRS will be able to quickly determine if the OIC will be accepted.
In order to qualify for an offer in compromise, your situation must fall into one of the following three categories:
- Doubt as to collectability: When the IRS has reasonable doubt that you will be able to pay off the debt any time in the near future
- Doubt as to liability: When the IRS can reasonably doubt that your tax bill is accurate
- Effective tax administration: When paying your tax debt would cause you financial hardship or would be unfair
Individuals who qualify for OIC must also:
- Have filed all federal tax returns
- Pay the offer in compromise application fee
- Submit all relevant documents
If you are unsure whether your case can be categorized as one of the situations above, we are happy to assess your case and determine whether you may qualify. If you have questions about how to get an offer in compromise approved or how long does the offer in compromise take, allow me to assist you during your free, confidential consultation. We can also provide the advice and guidance you need to decide whether an offer in compromise is the right solution for you.
Handle your tax problems today – schedule a free consultation with the Law Offices of Darrin T. Mish by calling (813) 295-7648.
My initial meeting with Darrin was reassuring, hopeful and non-judgmental.- MCM
The peace of mind alone, was worth it!- CC
We left our first meeting feeling like there was hope!- GB
I could tell right away that I went to the right person!- SC
Everyone including Attorney Mish is respectful and helpful!- RK E.