The IRS currently has a program called Offer in Compromise (OIC). This service provides an opportunity for taxpayers under financial distress to settle their tax debts for a lump sum, which can be paid in several installments over the course of two years.
If the IRS believes you are able to pay the full amount, they have the right to deny your request for an Offer in Compromise.
How to Ensure Acceptance of an Offer in Compromise
In this instance, it is unlikely that the taxpayer will ever be able to pay the full amount owed within the specified collection period.
Under these circumstances, it is likely that the assessed liability is incorrect.
In this case, exceptional circumstances exist that would make collection of the tax unfair and inequitable, or would create an economic burden on the taxpayer.
Our Offer in Compromise service is handled by friendly staff members with experience in IRS regulations. After determining if you qualify for an Offer in Compromise, we handle the necessary paperwork and processing to help you settle your tax debt for less than the full amount owed, at prices you can afford.
After you are pre-qualified for an OIC, we guarantee that the IRS will accept your offer for processing, or you’ll get your money back. Rest comfortably knowing the capable team at Alvin Brown & Associates, PLLC has your best interest in mind.