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 | TAX PROBLEMS? We Can Help! OFFER IN COMPROMISE or "OIC"
What is an Internal Revenue Service Offer in Compromise and how does it work?An OIC is an agreement between the Internal Revenue Service and a person or business to settle their liability for a certain amount. If accepted, it is the ultimate in tax relief. If accepted, you pay the IRS what you can afford to pay, not what you owe, unlike an Installment Agreement. We pride ourselves in arranging many such tax settlements. There are two major grounds for an OIC: The second is Doubt as to Liability. This means that there is a legitimate dispute as to whether the liability is owed. Most offers are based on Doubt as to Collectability.
Doubt as to CollectibilityThe amount that you pay to the IRS is based on two things: In determining how much you can afford to pay, the IRS will want as much as they believe they can get from your earnings over a 4-5 year period, depending on whether it is a cash or deferred Offer. There are two ways to fund a settlement. The first is Cash which is due within 90 days of the IRS accepting the offer. The second is a Short Term Deferred payment plan. This type of settlement is paid in installments over a two year period. These are complicated complex matters. For the Government go give up its rights to collect money owed them, they must be convinced that you can't afford to pay the liability. It is our job to work with you in a partnership to insure that we convince the IRS to accept your Offer in Compromise. We do this by vigorously representing you before the IRS in several ways:
This can be a long drawn out process. It often takes up to a full year for one to be processed. The IRS will look very carefully at the information provided in support settlement. They will request additional updated information, perhaps several times. If you file an OIC, the IRS will not take steps to collect while it is pending. You can obtain a levy release once it is filed. You may be able to stop making payments on an installment agreement. When we file your matter, we are in the process
for the long haul. It will likely take a long time. But, we will vigorously fight for your rights and to
get it accepted. For a Free No Obligation Evaluation from our tax lawyers of whether you qualify for a settlement. Settle for Pennies on the Dollar......Fact or Fiction? Some no baloney facts about the claims made by some National Organizations If you have a Lien filed against you, you will get advertisements from all over the country claiming they can settle your taxes for "pennies on the dollar." You also see advertisements on television and in other places which claim to be able to settle your liability for a small portion of what you owe. Then, when you respond, they will charge you $3,500 to $6,000 to represent you. The sad part is that you might or might not qualify for an Offer in Compromise. We have heard stories about how these organizations just rip off people, then after they have gone through the process are told, "sorry, but the IRS just won't accept your proposal." And this is after going through thousands of dollars and a year of time. Often these people are left in much worse shape than when they started. The truth of the matter is that the IRS doesn't just settle with taxpayers for minimal amounts without good reason. There are specific criteria that the IRS is required to follow before accepting settlements. There are also levels of review that must be met to accept an Offer. FACT: There were approximately 122,000 Offers in Compromise filed in a recent year. FACT: There were only about 12,000 accepted. That is less than 1 in 10 Offers accepted! FACT: Many of these companies have had MANY complaints against them with the Better Business Bureau. Many of them have had lawsuits filed against them which they had to pay huge damages to settle. Some examples are as follows:
American Tax Relief
Roni Deutch
JK Harris
Omni Financial How do you know what to do? How do you know who to trust?
At Martelle Law Offices P.A we will provide
a free NO BULL evaluation of your circumstances. We will tell you
whether or not you qualify for an Offer in Compromise or some other form of relief. We have settled many cases for very modest amounts of money. We have also advised people that they will not qualify for an OIC. We tell people the truth!
Proud member of the Better Business Bureau
We represent clients throughout the United States. We are a tough, aggressive and highly skilled law firm. Our practice is focused on matters related to Internal Revenue Service tax problems. We have 25 years' experience assisting clients. Our Tax Attorneys provide the highest quality tax help to clients with IRS problems. Our Tax Attorneys represent people who have had the misfortune of falling behind on IRS tax obligations. Those clients need help getting back on their feet again. We have the skill and expertise to negotiate with the IRS on your behalf. We can work out a solution for individuals and businesses.
To contact us, simply fill out our online form and find out what we can do to help you with your tax problem. We offer a free initial consultation to all clients and special payment plans to those who need them. Attorney Martin ("Marty") Martelle and his staff have extensive experience representing clients with various kinds of IRS related issues, particularly Offers in Compromise. We specialize in getting Unfiled Tax Returns filed. Even if you do not have your W2's or other information, do not delay in contacting our office to assist you in preparing your tax returns. We can obtain all the necessary information required so that we can prepare your returns. If we are representing you in a tax matter, we will deal with the IRS for you. You won't have to deal with them directly! Additionally, we can work with you to prevent the IRS or other government agency from taking drastic actions. Such actions include liens, levies, audits, seizure of property or imposing penalties. Our fees are reasonable and we have very good business sense. We are able to offer a well-considered opinion as to the best course of action available under a given set of circumstances.
To have your IRS problems handled by a competent and experienced Tax
Lawyer, call us toll free at: 1 877 TAX CREW (877 829 2739) or 208 938 8500
Please fill out our online form and find out what we can do to assist you. We offer a free initial consultation to all clients and payment plans to those who need them. Representing clients with tax problems throughout the United States. Martelle Law Offices, P.A. Telephone:
1 877 TAX CREW (877 829 2739)
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Copyright © 2005 by Martelle Law Offices, P.A. All rights reserved.
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