The Offer in Compromise (also known as OIC) program allows you to pay the IRS less than the full amount of your tax, penalties, and interest, and pay a small amount as a full and final settlement.
When an Offer in Compromise is filed, the IRS looks at your current financial position, considers your ability to pay as well as your equity in assets. With these important factors, an offer amount is determined. You can compromise all types of IRS taxes, interest, and penalties in one swoop – even payroll taxes, which are often the most difficult to resolve.
To learn more about this program, we offer a free report titled, “Offer in Compromise Application Guide”. This useful tax resolution guide shows individuals how to avoid the most common reasons for rejection when applying for the Offer in Compromise program. You can download your copy here.
Not everyone is eligible for the Offer in Compromise program. Don’t worry – we know and understand how the IRS system operates and have years of successful IRS negotiation skills under our belt. We can review your current IRS debt – at no cost to you – and see if the Offer in Compromise program is the best solution for you.
If the Offer in Compromise is a smart solution for your current situation, then our New England tax debt professionals can help file all your past due tax returns, fill out all needed important paperwork, and negotiate a strategic offer with the IRS on your behalf. We handle it all for you, so you can get back to focusing on your personal life.
Give us a call at (207) 741-2400 to make an appointment. Our office is in Portland, Maine.