a tax debt, usually for less than what is owed. This form of IRS tax debt relief may be based on (1) Doubt as to Collectability; (2) Doubt as to Liability; or (3) Effective Tax Administration. The most common Offer in Compromise is for Doubt as to Collectability.
To be perfectly honest, just about every successful Offer in Compromise is a "Doubt to Collectibility case. If you lack assets and most of your money is going to "living expenses," you are probably an excellent candidate to settle with the IRS. You do not need to be destitute to qualify for an Offer in Compromise.
An Offer in Compromise (is a part of the ‘Fresh Start Program’ or ‘Initiative by national companies’) are the most advertised and least accepted IRS solution. Currently the IRS is approving approximately 42% of the 80,000 annual Offer in Compromise submissions.
THE TAX PROFESSIONALS AT FLAT FEE TAX SERVICE HAVE A 96% APPROVAL RATE.
It is possible that your tax debt can be settled for less than what you owe. Sometimes the settlement is dramatically less. The IRS has set very strict guidelines for the Offer in Compromise Program. To determine whether you qualify for an Offer in Compromise, we must review and evaluate the specific facts of your case and your financial circumstances. This is why Flat Fee Tax Service offers a free consultation where we can discuss the nature of your specific tax problem. Only then will we be in a position to tell you what tax settlement options may be available to you.
I am Dave Rosa. It is my pleasure as well as my duty to you to provide an honest and comprehensive consultation which will give your tax options. Our conversation will take approximately 20 to 30 minutes to complete. At the end of our conversation, you will know if an Offer in Compromise is the right way to go for you. Our time on the phone will be well worth it for you.