Offer in Compromise - IRS Settlement - Settle with the IRS
An Offer in Compromise can be your Solution for an IRS Debt You Cannot or Should Not Pay
Negotiating an Offer in Compromise can be an effective way to lessen an IRS debt. With over 60 years of experience handling IRS problems, Flat Fee Tax Relief can help by representing you by successfully negotiating an Offer in Compromise with the IRS. Our tax professionals serve clients in Daytona Beach, Orlando, Jacksonville, Tampa, Miami, and across the state of Florida as well as nationwide. Call our team at 1-866-747-7435 for your free consultation.
What exactly is an Offer in Compromise?
An Offer in Compromise is an IRS settlement that you offer to pay the IRS a certain amount which is less than the amount of tax the agency claims you owe. If your Offer in Compromise is accepted, the amount you pay is treated as payment in full in satisfaction of the IRS debt.
In addition to settling your tax debt for less than the full amount, another attractive feature of the Offer in Compromise is that the IRS will suspend collection activity while the negotiation of an Offer in Compromise is underway, including implementing an IRS garnishment, tax liens and tax levy.
FLAT FEE TAX RELIEF HAS A 96% OFFER IN COMPROMISE SUCCESS RATE.
There are several circumstances which may exist that would lead the IRS to consider an Offer in Compromise as settlement of a tax debt. Know this: You do not need to be destitute to qualify for an IRS settlement.
In general, these are the criteria:
a. You have a legitimate dispute with the IRS over the liability, such as the amount of the tax or whether you owe any tax at all
b. There is a legitimate doubt about whether you as the taxpayer would be able to pay the full amount of the IRS debt.
c. Collection of the IRS debt would be unfair or cause an undue hardship on the taxpayer, or accepting a settlement would further the efficient administration of the nation’s tax laws.
What does this mean? After taking out the your everyday living expenses, you have little to pay toward your IRS debt, then you are a serious candidate to seetle with the IRS. Also, the Statute of Limitations comes into play as well. The IRS wants to do 2 things: collect money and close a case.
An Offer in Compromise accomplishes both of those IRS goals. Even if the IRS settlement is only $100, the IRS will show this as both money collected and a closed file.
How much can I save with an Offer in Compromise?
The amount of your IRS settlement is based on a complicated IRS formula. This formula is complex and involves many factors. Our tax professionals can obtain the necessary information from you and your spouse (if applicable) to determine what the amount the Offer in Compromise would be.
Is there any downside to an Offer in Compromise?
NO! NO NO! There is no "downside." If your Offer in Compromise is accepted, you pay a lump sum payment to settle your tax debt or you can make payments. We have settled many cases for $100 and $500. It all depends on your finances. Our team will get you the best deal for you.
HAVE AN IRS DEBT THAT YOU CANNOT PAY? IF YOU DO, CALL US FOR YOUR FREE CONSULTATION.
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