What is an Offer in Compromise?
An offer in compromise is a binding agreement with the IRS that allows you to settle your tax liability for less than the full amount you owe. If the IRS accept your Offer in Compromise, your back taxes are paid in full and any tax liens will be released. It may be a legitimate option for you if you can’t pay your entire tax liability or doing so creates a financial hardship. The IRS considers your unique set of facts and circumstances such as your:
- Ability to pay
- Income
- Expenses
- Equity in your assets
Will the IRS Accept an Offer in Compromise From Me?
The IRS generally approves an offer in compromise when the amount offered represents the most they can expect to collect using other means, within a reasonable period of time. The IRS is accepting more Offers in Compromise than ever before. We have submitted hundreds of Offers in Compromise for our clients, with a very high acceptance rate. If you qualify, we can get your tax liability settled for much less than you actually owe the IRS.
Call us today and speak to an experienced, licensed Offer-in-Compromise expert who can represent you in this matter with the IRS. (832) 507-6124.