Offer In Compromise | IRS Settlements | San Diego|Flat Fee Tax Service
Updated: Jul 5, 2019
IRS Tax Offer in Compromise - IRS Settlements - San Diego - California An Offer in Compromise (OIC) allows you, the taxpayer, to settle your tax debt for less than the full amount owed. The IRS Tax offer in Compromise (OIC) program (#OfferinCompromise) was instituted by the IRS for taxpayers unable to pay off their IRS debt due to financial hardship or for those that claim the tax was wrongfully owed. In assessing an IRS tax debt settlement (OIC), the IRS considers your unique set of facts and circumstances based on your ability/inability to pay, income, expenses and asset equity.
To qualify for Offer in Compromise consideration, a taxpayer must show the IRS that one of the following conditions exist:
Doubt as to Collectibility: This situation exists when there is some doubt as to whether the IRS can collect the tax debt from you, now or in the foreseeable future. This is the most common way to settle your taxes. (This is the IRS settlement condition to focus on) Doubt as to Liability: This situation occurs when there is some doubt as to whether you actually owe the tax debt. The IRS may have assessed a tax in error due to mistake or lack of evidence. If this is the case, the IRS will terminate the tax debt upon proof. Exceptional Circumstances: This situation occurs when payment of your tax debt in full would cause an “economic hardship” or would be “unfair” or “inequitable.” This is the least common type of tax resolution. FLAT FEE TAX SERVICE, INC. CLIENTS HAVE A 96% IRS SETTLEMENT SUCCESS RATE. PER 2016 IRS STATISTICS, THE IRS APPROVED APPROX. 42% OF THE 80,000 OFFER IN COMPROMISE SUBMISSIONS. If you qualify, our Southern California Offer in Compromise Attorney will help you resolve your tax debt problems by determining which IRS tax relief option is right for you by evaluating all financial documentation and determining the least amount that the IRS will accept from you. It is crucial and imperative that your IRS tax debt settlement is submitted properly by an experienced San Diego Tax Attorney or the result could mean a rejection of your settlement offer or even worse, you may be required to pay more than necessary. If you qualify for an Offer in Compromise, this is the best deal you can receive from the IRS. Please contact the IRS tax relief firm, Flat Fee Tax Service, Inc. for a no cost consultation for tax resolution. You can do so either by completing our online form on our website or by calling 866-747-7435. Our IRS Tax Attorneys will assist you wherever you live. All you need is a phone and a computer.
FLAT FEE TAX SERVICE, INC. GOOD PEOPLE - DOING GREAT WORK AFFORDABLE TAX RELIEF FEES FREE CONSULTATION 1-866-747-7435