Offers In Compromise Settle your IRS Tax Problem for pennies on the dollar. If your Internal Revenue Service tax problem liability is greater than $5,000 and you can't afford to pay it, you may qualify for an "Offer".     The OIC program is not new. In February of 1992 the IRS instituted a policy known as "Compliance 2000". Its objective: Bring voluntary compliance to its highest level by the end of the century, thereby reducing the outstanding tax debt of billions of dollars. In 2006 the Internal Revenue Service made significant changes regarding the administration of the OIC program. The "Offer" is a structured Internal Revenue Service program. It allows you, the delinquent or non-filing taxpayer, to offer the IRS a smaller amount than the amount you actually owe. If your OIC is accepted, and after you pay the amount accepted by the IRS, your past due tax liability will be totally eliminated.     Is your paycheck, home, car or business at risk?     Email For more information: offers@compromise.com or call: 800-227-7474 (24 hr msg.)

Have you just received your paycheck only to find that the IRS has taken most of what you earned? They didn't even leave you enough to pay your bills, your rent or mortgage, your car payment or to feed your family. We can help you stop wage levies and garnishments.

The IRS wage levy and garnishment (seizure) is a powerful tool used to collect taxes you owe. The IRS requires your employer to give part of your paycheck to the IRS instead of paying you. It can make it impossible for you to pay your bills or support your family. This levy will remain until we help you negotiated a release. The wage levy or garnishment is usually caused by a failure to communicate with the IRS.

As soon as you are advised by your employer that the IRS has filed a Notice of Levy. We can help you stop wage levies and garnishments. At that time, your employer will request that you complete certain information for the IRS. This information will tell your employer how much must be withheld from your paycheck and sent to the IRS on payday. We will help you complete the information request and determine the amount you will be able to get from your paycheck.

Your employer has no choice but to make payments to the IRS. We can help you stop wage garnishments.

Do you want to settle with the IRS for pennies on the dollar? Well, here is your opportunity. If you qualify, you can settle your tax liabilities for less than the full amount and it may be for pennies on the dollar. With some preliminary information we can assess your situation to determine if you qualify for the Offer in Compromise program. If you don't, we'll explain why and recommend an alternate solution to your tax problem.

First of all, let us briefly explain how the Offer in Compromise program works. This is an agreement between you and the IRS that satisfies your tax liability. The IRS will accept less than full payment under the following circumstances:

• 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 - There is no doubt the tax is correct and no doubt the amount owed could be collected, but an exceptional circumstance exists. This could be an economic hardship or full payment would be unfair and inequitable.

If you qualify for an Offer in Compromise and meet the IRS criteria, our veteran tax professionals will prepare an Offer in Compromise for your signature. The negotiations usually center around the proper valuation of your assets, (that's the amount the IRS believes they could collect from a quick sale) and accurate information about your monthly income and living expenses.

Offer in Compromise

Internal Revenue Code authorizes the IRS, to accept less than full amount of tax liability owed in any civil or criminal case arising under the tax laws prior to the case's referral to the Department of Justice. For an Offer in Compromise to be accepted, the taxpayer must establish to the satisfaction of the IRS that the taxpayer either: has no means of paying the tax, or does not actually owe the tax.

In our opinion, the Offer in Compromise program is one of the best tax resolution tools available to taxpayers. The Offer in Compromise program allows taxpayers to settle their taxes for less, or often much less than you owe (or what the government claims you owe). Recent tax legislation has given new hope to taxpayers who were disqualified by the old Offer in Compromise procedures.

Our tax managers have extensive expertise with planning, preparing, negotiating and assisting clients appeals rejections of Offers in Compromise. Since 1995 we saved millions of dollars for our clients through the Offer in Compromise program.

We get our edge by knowing and carefully navigating virtually every key regulation of the Offer in Compromise program. Our tax managers have years of experience preparing Offer in Compromises on the Federal and State level.

The IRS will accept an Offer in Compromise when it is unlikely that the tax liability can be collected in full and the amount of the Offer in Compromise reasonably reflects collection potential. An Offer in Compromise is a legitimate alternative to declaring a case as currently not collectible, or to a protracted installment agreement. The goal is to achieve collection of what is potentially collectible at the earliest possible time and at the least cost to the government.

Prior to 1992 the IRS has been reluctant to settle tax liabilities. In February of 1992, the IRS announced new procedures for settling back taxes. The new procedures greatly liberalized the Offer in Compromise process and increased the likelihood that financially distressed taxpayers would be able to settle their liabilities for less than the full amount.

An Offer in Compromise Is Not An Amnesty Program

The IRS has the authority to settle or compromise federal tax liabilities by accepting less than full amount under certain circumstances. One of the following factors must be established in order for the IRS to accept an Offer in Compromise and settle the liability:

• The taxpayer cannot pay off the liability;
• There is doubt that the taxpayer actually owes the liability;
• The settlement would promote effective tax administration.

IRS is not the only agency with an Offer in Compromise program. Our tax managers also help taxpayers in settling delinquent taxes owed to State taxing agencies that have offer in compromise programs.

Click here to see if you qualify for an offer in compromise