top of page

Offer in Compromise

An Offer in Compromise (OIC) allows you to settle your tax debt for less than the full amount you owe.

It may be a legitimate option if you can’t pay your full tax liability or doing so creates a financial hardship.
 
While deciding on your eligibility for the Offer in Compromise, IRS considers your unique set of facts and circumstances:
 
1) Ability to pay
2) Income
3) Expenses
4) Assets / Equity

 
You are eligible to apply for an Offer in Compromise if you:

• Aren’t financially capable of paying your tax obligations in full and don’t have immediate prospects for increased income (“Doubt as to Collectability”).
• Filed all required tax returns and made all required estimated payments.
• Aren’t in an open bankruptcy proceeding.
• Have a valid extension for a current year return (if applying for the current year).
• Are an employer and made tax deposits for the current and past 2 quarters before you apply.
 

To communicate with us remotely and share your information online you can use our convenient call service to schedule initial free calls.
This is an excellent and secure way for our customers to communicate with us from the comfort of their home or workplace without compromising their personal data.

 

Would like to discuss your tax-related personal or business matters or need any other professional assistance? You can easily secure convenient time by submitting Schedule an appointment request.
To ensure a high quality of service and effective collaboration we reserve the right to confirm appointments only when scheduled at least 2 days in advance and accompanied by a brief comment on the matters you would like to discuss.

 

bottom of page