flat fee tax relieftaxi fareflat fee tax relief How Much Does It Cost to Do an Offer in Compromise? | Flat Fee Tax Service
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How Much Does It Cost to Do an Offer in Compromise? | Flat Fee Tax Service

Updated: Nov 22, 2019

What Does It Cost To Settle With The IRS? Taxpayers have a few tax relief options for resolving federal tax debts. A taxpayer can request a monthly payment plan (#InstallmentAgreement), be declared Currently not Collectible (#CurrentlynotCollectible) or submit an Offer in Compromise (#OfferinCompromise). How do you know which is right for you if you find yourself in this position? Taxpayers have five alternatives for resolving IRS collections activity: setting up an installment agreement, setting up a partial payment installment agreement, submitting an Offer in Compromise, or being declared Currently not Collectible by the IRS.


How Do Our Tax Professionals Know Which Debt Strategy Is Right for a Client? During our free consultation, we will know what will be the "right way to go." Immediately upon becoming a client of Flat Fee Tax Service, our tax professionals prepare a financial statement for our clients based on their unique financial situation to determine which tax debt strategies are best for each. Everything depends on the client’s personal financial situation. We examine the client’s ability to pay. The Offer in Compromise program will more than likely be the right option if a client can't afford to pay his tax debt in full.

What Are the Biggest Factors in Determining a Successful Offer in Compromise? The IRS won't approve an Offer in Compromise if the taxpayer isn't in compliance with the tax laws. That means that a taxpayer must have the last six (6) tax returns filed. FLAT FEE TAX SERVICE - TAX SETTLEMENT SUCCESS STORIES Which Tax Debt Strategy Does Our Tax Professionals Prefer? That's an easy one to answer. Absolutely, our immediate thoughts are to settle a tax debt through an Offer in Compromise. The next best "thing" is to have a client placed into Currently not Collectible status. At he end of the spectrum is an Installment Agreement. Which Is Better, Making a Lump Sum Payment or Making Monthly Payments? Yes, it's better to pay the tax settlement all at once. Our tax professionals generally recommend that taxpayers make a cash offer to pay within 90 days of notice that the IRS has accepted their Offer in Compromise. Lump sum cash offers get the attention of the IRS so these applications are sometimes processed faster. Remember this, the IRS wants to do two (2) things: collect money and close cases. A lump sum payment accomplishes both of these IRS objectives. If a client cannot pay the settlement in one lump sum, they can make payments up to 24 months. We have had clients pay $50 per month for 6 months. So, the answer to the above question is "it all depends on what our client is capable of accomplishing." FLAT FEE TAX SERVICE CLIENTS ON AVERAGE SAVE 96% OF THEIR TAX DEBT AND HAVE A 95% OFFER IN COMPROMISE SUCCESS RATE. What's the Process For an Offer in Compromise and How Much Does It Cost? You can call round to all of the tax relief companies and you will get a range of fees for an Offer in Compromise. Usually the fees range from $3,000 to $6,000 or more. There is no reason whatsoever to pay that much. The truth of the matter is this: It is the same amount of work to do a $10,000 Offer in Compromise as it is to do a $90,000 tax settlement.


Flat Fee Tax Service has been charging our clients a very affordable fee for more than a decade. We even post our fees on our website. No mystery. No Secrets. https://www.flatfeetaxservice.net/affordable-irs-tax-relief-fees

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