Compromising with the IRS
The Offer In Compromise (OIC) is a program where the IRS agrees to settle for less than what the taxpayer owes. The amount of the offer is calculated using Form 433A-OIC and takes into account both the taxpayer’s equity in assets and monthly net income multiplied over 12 months.
How are Offers in Compromise Calculated?
There are a lot of intricacies to the calculation, but the first step is to figure out if you are a candidate (relatively low disposable income and equity in assets).
Will I Qualify for an Offer in Compromise?
Most offers get rejected because firms don’t take their time on the front end to properly vet the taxpayer’s finances. We pride ourselves on exhaustive due-diligence and honesty with our clients. We will review your case individually and, if a candidate, we will prepare an OIC that gives you the best chance for acceptance.
We will not waste your time and money. We only submit offers that we fully believe will be accepted.
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