Offer In Compromise Program

In our opinion, the IRS Offer in Compromise (OIC) program is one of the best tax resolution tools available to taxpayers. The program allows taxpayers to settle their taxes for less, or often much less than you owe (or what the government claims you owe). Recent tax legislation has given new hope to taxpayers who were disqualified by the old OIC procedures.

Our tax attorneys have extensive expertise with planning, preparing, negotiating and even appealing rejections of the compromise.

Taxhelpers know and carefully navigate every key regulation of the OIC. We also have a good working relationship with many specialists working for the IRS and California agencies.

For an Offer in Compromise to be accepted, the taxpayer must establish to the satisfaction of the IRS that the taxpayer either: has no means of paying the tax, or does not actually owe the tax.

The IRS will accept an Offer when it is unlikely that the tax liability can be collected in full and the amount of the Offer in Compromise reasonably reflects collection potential. This program is a legitimate alternative to declaring a case as currently not collectible, or to a protracted installment agreement. The goal is to achieve collection of what is potentially collectible at the earliest possible time and at the least cost to the government.

It Is Not An Amnesty!

The IRS has the authority to settle or compromise federal tax liabilities by accepting less than full amount under certain circumstances. One of the following factors must be established in order for the IRS to accept an Offer and settle the liability:

  • The taxpayer cannot pay off the liability;
  • There is doubt that the taxpayer actually owes the liability;
  • The settlement would promote effective tax administration.

The IRS is not the only agency with an OIC program. Tax Helpers also help taxpayers in settling delinquent taxes owed to California taxing agencies such as: The Franchise Tax Board, as well as EDD and the State Board of Equalization

Related Topics: Quick Guide to OIC

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