Offer in Compromise Help | Tax Settlement

If you're looking for Tax Settlement Help, call our IRS Offer in Compromise experts who can determine if an Offer in Compromise is your best option.

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The truth is that many people do not qualify for tax relief in the form of an Offer in Compromise. Your income may be too high or you may have too much equity in your assets. Once we have a preliminary conversation with you about your IRS problem, we can generally determine if you may be a good candidate for an Offer in Compromise. It may be necessary for you to fill out a short questionnaire to determine whether or not you qualify.

If you do not qualify for one, we can set up a payment plan on your behalf with the IRS. Your payment will depend on your tax liability. We will do an initial investigation on your case by attaining your IRS file through the Freedom of Information Act. Once we have your IRS documents & IRS notices, we will be able to do the analysis which will allow us to show you what your best course of action will be in regards to your IRS problem.

Once we have determined what needs to be done, our tax relief team will work to lower your tax liability. Most of the time, we have to prepare and file back tax returns. Sometimes we will need to amend some of the tax returns to benefit you. What people do not realize is that even though they have not filed for a particular year, the IRS will eventually catch up to you and file the tax return for you. They will not include any deductions or credits which may be beneficial to you because they are not interested in lowering your tax bill. They are only interested in generating tax revenue. The IRS is the largest collection organization in the United States and they have been given almost unlimited power to collect from a taxpayer by any means necessary. For this reason, it is imperative that you seek IRS help to make sure your IRS problems dont get out of hand.  Our tax relief associates will perform an initial investigation & analysis on your IRS files which we will obtain from them. The transcripts will verify what is going on with your account and will let us know what can & needs to be done.


Once your tax returns have been completed, you will be in compliance with the IRS. Being in compliance with the IRS is important because the IRS will absolutely not negotiate either a payment plan or allow you to submit an Offer in Compromise until you are in compliance.

After you have been brought into compliance, we can get started on preparing the necessary financial statements required by the IRS. We will prepare the necessary calculations to determine your ability to pay the IRS. There is a formula used by the IRS which includes national standard allotments for food, housing, transportation, etc. which we use to determine your monthly disposable income. Once we have prepared the financial statements & required supporting documentation, we submit the payment plan request to the IRS and begin negotiating with the agent in charge to get it approved. In a case like this, it is extremely inadvisable to handle these negotiations yourself. The IRS agents and collections departments are extremely knowledgeable and they will use that knowledge to get you to admit things or convey information that you were not required to give them. If you don’t know the right things to say, are unprepared or try to lie to them, they will make your life miserable and cost you large amounts of time and money.


Our team of Enrolled Agents, CPA’s and IRS tax attorneys have the knowledge and experience necessary to provide you with the IRS help you need along with the proper tax relief representation you deserve when dealing with these IRS problems.


 

 
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