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Offer in Compromise Success Stories | Florida

Updated: Nov 11

FLAT FEE TAX RELIEF Coast to Coast Tax Relief Programs


Though an Offer in Compromise (OIC) can be a complicated process to navigate, it is possible to succeed in having the Internal Revenue Service (IRS) accept your Tax Settlement Offer in Compromise (OIC). You can set yourself up for success from the start by using the tax professionals at Flat Fee Tax Relief to provide you with immediate assistance in submitting an OIC.


Our Tax Attorneys have a 96% Offer in Compromise record of success. Our teams have been been providing valuable IRS tax debt help for more than a decade. You can read our Offer in Compromise success stories by clicking here:

Offer in Compromise Success.

When dealing with the IRS, you shouldn't go it alone. You cam do a "Do It Yourself" (DIY) Offer in Compromise but we don't recommend it. Statistics prove that you will have only a 30% chance at Offer in Compromise success when you DIY. Admittedly, finding an IRS tax resolution company that can help you with your tax issues can be a daunting task. Just watching all of those cable tv ads can make your head spin.

Offer in Compromise and the IRS


The IRS receives approximately 80,000 Offer in Compromise submissions every year. The IRS approves around 42% of these requests to settle. Nearly all of the rejections are due to DIY or submitting an Offer in Compromise that should not have been sent in. The Offer in Compromise program,allows a taxpayer in IRS debt to settle their tax bill for a dramatically reduced amount. This IRS settlement program is in place to help those people who will never be able to pay off their full debt before it can be collected by the IRS, which usually amounts to a ten-year period (Statute of Limitations).

Can Anyone Qualify for the Offer In Compromise?

Not everyone qualifies for the Offer in Compromise IRS program. This is because it’s designed to be used by those who will not be able to pay their full owed taxes. You do not have to be destitute to qualify. You must show the IRS that after paying what is called "allowable expenses," you don't have enough to pay the IRS. The IRS feels that the majority of people have the means to do so, through a payment plan or by liquidating current assets. Those who cannot prove their inability to pay off the full amount owed cannot qualify for the Offer in Compromise. Instead, the IRS is willing to work with such folks to establish a monthly payment plan to cover all debts.

That being said, the number of accepted OIC's has been rising since the IRS introduced its Fresh Start initiative. Are you one of the tens of thousands who could be accepted for this tax relief program? Call our team and find out.


The IRS always wants to accomplish two(2) goals. One goal is to collect money. The amount of tax debt collected can be as little as $100. The IRS wants to have a case in the "collection column." The other goal is to close a file. The IRS has a never ending case load. It is extremely important that the agency close a file. An Offer in Compromise accomplishes both goals.


ALLOWABLE EXPENSES - WHAT IS THAT?

IRS understands that people have everyday expenses that are necessary to function in life. These every day expense are categorized by the IRS as "allowable expenses." Allowable expenses are listed below. Keep in mind that the amounts shown are estimates and may vary by location: $1,523/month (less for singles) allowed for the cost of living for a family of four (food and clothing)

$1,942 to $2600 per month allowed for housing for a family of four (depends on section of the USA you live)

$295/month allowed in auto operating expenses, including gas, maintenance, and insurance

$517/month (can have 2 cars for husband and wife) allowed for vehicle payments

$60/month allowed in medical costs per member of a household

Other allowable expenses include the following: Health insurance

Term Life insurance

Childcare/daycare

A percentage of payments being made on state or local tax debts

Child support

Alimony

Student Loans Make an Informed Decision

The best way to deal with the IRS is to avoid having a tax problem to begin with, but as we all know, life happens. You may find that, in some cases, you can handle this type of trouble on your own, but we strongly recommend that you seek professional assistance when resolving problems with the IRS.

Getting an OIC accepted comes with lots of hard work and determination both on your part and from any professional help you may have enlisted. This article is written by the tax professionals at Flat Fee Tax Relief that has been providing valuable IRS tax debt help at a very affordable fee for more than a decade. Our teams are located in Clearwater, Florida, and San Diego, California. This allows our tax pros to be available to both our clients and the IRS from 8 A.M. Eastern to 6 P.M. Pacific time. This is a huge advantage when stopping an IRS levy.


Call us today for your free no obligation consultation. Our conversations take 20 to 30 minutes. Time well invested. We want to add IRS settlement to our Offer in Compromise Success Stories.


FLAT FEE TAX RELIEF - FLAT FEE TAX SERVICE

1-866-747-7435


https://www.flatfeetaxrelief.net


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IRS Tax Relief Programs

 Flat Fee Tax Relief - 1-866-747-7435

Clearwater, FL - San Diego, CA

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Very Affordable Tax Debt Help

IRS Tax Relief Programs