Filing an Offer in Compromise

The prospects of an IRS Offer in Compromise are very alluring, but you must not be fooled into thinking the process is simple. Contrary to the way some describe it, the program is not actually a negotiation - the taxpayer must instead follow the IRS's specific guidelines regarding income, assets and allowable expenses to be considered acceptable.  An Offer in Compromise proposal must essentially show the IRS that it is in their best interest to settle, rather than expend its resources in vainly chasing you around. 

The key factor in making a successful Offer in Compromise is determining the correct Offer amount to submit to the IRS. If your Offer amount is too low, then the IRS will reject it, and you will have gone through the effort for nothing. Furthermore, they will then have a detailed description of your financial life to use against you in collecting the full amount of the tax debt. If your Offer amount is too high, it may be accepted, but you will not have saved as much money as you otherwise would have been entitled. Clearly, the Burden of Proof is entirely on the taxpayer. 

#1 Tax Relief has helped thousands of taxpayers file successful IRS Offer in Compromise proposals, and we can do the same for you. We will analyze your financial situation and determine the best amount to Offer the government as full settlement for your tax debt. Our Offer in Compromise service is highly efficient - and we get results!

Links: Offer in Compromise Information     IRS Website