Tag Archives: Offer In Compromise

Getting Your Ducks in a Row: Preparing to Negotiate with the IRS

To be eligible for the IRS’s Offer in Compromise program you must first make sure you are up to date on your filings and any payments owed. The IRS requires that you have filed all your tax returns, made all … Continue reading

Posted in Blog | Tagged , , , , | Leave a comment

IRS issues new rules for Offers in Compromise (OIC)

Dramatic Reduction in amount required to settle an IRS Offer in Compromise (OIC)! In a dramatic change in policy the Internal Revenue Service has issued new rules for acceptance of Offers in Compromise. In the past the IRS has required … Continue reading

Posted in Bankruptcy, Blog, Tax Attorney USA | Tagged , | Leave a comment

What is an “Offer in Compromise” and do I qualify?

Simply put, an Offer in Compromise is a deal between the IRS and a taxpayer or a business to settle all of their tax liability for a certain sum, to be paid in a certain way.  But, Offers in Compromise can … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , , , | Leave a comment

“Can I settle my taxes for Pennies on the Dollar?”

As a Tax Attorney, this is one of the most common questions I hear.  The next most common question is “if I pay just the tax can I avoid the penalties and interest?” Generally speaking, the IRS will not settle … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , , , | Leave a comment

What Does It Mean To File An Offer In Compromise?

OIC is a simple acronym that stands for “offer in compromise”. An offer in compromise refers to a type of agreement between the IRS and a taxpayer. When this type of settlement is agreed upon, the taxpayer pays less taxes … Continue reading

Posted in Blog, Tax Attorney USA | Tagged | Leave a comment

Settle your taxes for “Pennies on the Dollar” through an Offer in Compromise

Fact or Fiction? If you have tax problems it seems like wherever you look you will see ads from businesses offering to settle your taxes for “Pennies on the Dollar”  for “As little as the change in your pocket”.  If … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , | Leave a comment

Offers in Compromise – How much will I have to pay to settle my taxes?

There is much confusion among taxpayers as to how an Offer in Compromise works.  Generally speaking to accept an OIC, the IRS wants as much as they believe they will be able to collect from the taxpayer over the next … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , | Leave a comment

Questions and Answers on Offer in Compromise

When clients contact us with tax problems, one of the most frequent questions we hear is: “can we settle with the IRS for less than we owe?” or “can we just pay the tax and have the penalties and interest … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , , , , , | Leave a comment

Kentucky Tax Attorney

IRS PROBLEMS? Tax Problem Resolution Law Firm Our Tax Attorneys Provide Help to Clients with IRS Problems Throughout the United States. We are a National Law Firm representing clients with IRS Tax Problems. We assist clients throughout the United States … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Louisiana Tax Attorney

IRS PROBLEMS? Tax Problem Resolution Law Firm Our Tax Attorneys Provide Help to Clients with IRS Problems Throughout the United States. We are a National Law Firm representing clients with IRS Tax Problems. We assist clients throughout the United States … Continue reading

Posted in Blog, Tax Attorney USA | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment