IRS Tax Settlement | Questions and Answers Offer in Compromise | Flat Fee Tax Service
Updated: Jun 28, 2019
IRS OFFER IN COMPROMISE - TAX RELIEF ANSWERS
The Benefits of Filing an Offer in Compromise
The IRS Offer in Compromise program is a real "IRS settlement agreement" thing and an Offer in Compromise can really help people. The IRS tax relief team at Flat Fee Tax Service, Inc. has approximately 60 years of combined tax relief experience.
Flat Fee Tax Service, Inc. is physically located in San Diego, California with an affiliate office in Palm Beach, Florida. Our IRS tax relief team can be reached by phone between 8 A.M. Eastern time until 5 P.M. West Coast time. We also pick-up calls on Saturdays. So we are very responsive to our clients.
We have had much success helping taxpayers throughout the United States achieve Offer in Compromise settlements(#OfferinCompromise). As long as you have access to a phone, an email and/or a fax, our IRS Tax Attorneys can resolve your IRS tax debt. In fact our IRS tax relief team have helped clients located in Guam, Iraq, the Philippines and wherever American taxpayers are residing.
We, at Flat Fee Tax Service, Inc. have developed an IRS tax relief system that really works. Read on to learn more about the benefits of filing an Offer in Compromise (#IRStaxattorneys) to get rid of a lingering tax debt that is not getting any better.
What is an
IRS Offer in Compromise?
An Offer in Compromise is an IRS settlement tool that allows our IRS Tax Attorneys to settle your tax debt for less than the full amount you owe.
How does an
Offer in Compromise work?
The IRS doubts your ability to repay your tax debt in full, but the IRS still wants to collect something from you. The IRS will look at how much you owe, how much (they think) you can truly afford to pay, and how much time they have left to collect the tax bill to decide what percentage of your tax debt you should pay back.
Do I need an
IRS Tax Lawyer to file an Offer in Compromise?
Can I do the
IRS settlement myself and save myself money?
If you have a very good case and you are really good at following the IRS rules and procedures, then sure you can "give it a shot". Otherwise, you will likely find frustration and may set yourself back.
IN 2016, THE IRS APPROVED APPROXIMATELY 30% OF THE 80,000 OFFER IN COMPROMISE SUBMISSIONS SUBMITTED DIRECTLY BY THE TAXPAYER.
The main reason in that an Offer in Compromise (#IRSsettlementagreement) is very much like an audit on your income and assets. You cannot expect the IRS to take your word that you do not have the ability to pay your tax debt in full. Your financial hardship must be documented and proven.
Often, people who do have an Offer in Compromise accepted through their own work ended up offering the IRS way too much money.
FLAT FEE TAX SERVICE, INC. CLIENTS HAVE A
90% IRS SETTLEMENT SUCCESS RATE.
There is a reason the IRS jumps at certain offers. The IRS benefits all too often when taxpayers don't have a good legal team behind them. After hiring our IRS tax relief firm, nearly all of our clients have saved money...sometimes incredible amounts.
How much can you save me with an
Offer in Compromise?
There is no magic number or percentage, and if anyone promises you anything different…run! We are never quite sure what the IRS is thinking. We have dealt with a case where a taxpayer owed about $200,000 and we negotiated that debt down to $100.
THE IRS WILL NOT ALLOW ANY TAX RESOLUTION COMPANY TO GUARANTEE A RESULT.
Through our experience with and knowledge of the IRS Offer in Compromise program, we have a very good idea if a client has a great shot at IRS settlement success.
How much will an
Offer in Compromise
Should I use the
Offer in Compromise
pre-qualifier on the
Not if you want an answer that is helpful. Seriously, we find the pre-qualifier is a waste of time that can lead to the wrong result. We have had offers that were accepted, yet when we plug all the information into the IRS pre-qualifier, the pre-qualifier said REJECTED! Our clients are sure happy we don't value the pre-qualifier one bit.
Can I appeal an
Offer in Compromise rejection?
YES YOU CAN! The IRS can make mistakes. And certain Offer in Compromise offices around the country seem to relish in taking wrong positions. We routinely have to correct an Offer in Compromise Examiner who insisted on doing it "his or her way" and not in accordance with the law. Appeals is a great place to have the law applied no matter how much it upsets an IRS employee.
How do you get my
Offer in Compromise approved?
First, our IRS tax relief team make sure you’re eligible during our initial consultation. Next, we substantiate your Offer in Compromise and provide evidence to support your settlement offer.
Our IRS Tax Attorneys ensure your submission is reasonable based on your actual ability to pay.
While we do not have a 100% acceptance rate, we are close to 96%. That's better than "pretty darn good".
Per 2016 IRS statistics, the IRS approved approximately 42% of all Offer in Compromise submissions.
The overall acceptance rate for taxpayers that submit offers themselves is about 30%.
If you do not qualify and are not eligible for an Offer in Compromise, our IRS Tax Attorneys may even find other tax relief options that will work for you. We have a proven track record of success in helping thousands of taxpayers dig out of years, even decades of tax problems.
FLAT FEE TAX SERVICE, INC.
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