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IRS Offer in Compromise | Tax Settlement | San Diego | Flat Fee Tax Service

Updated: May 15, 2019

IRS Offer in Compromise - San Diego Tax Settlement What is an Offer in Compromise (OIC)? An Offer in Compromise is an IRS tax settlement between a taxpayer and the IRS to settle a tax debt for less than what a taxpayer owes. If you cannot pay the full amount owed to the IRS, but are willing and able to pay a fraction of the amount owed in full satisfaction of your tax debt, an offer in compromise is the right tax relief option for you. An Offer in Compromise (#OfferinCompromise) is a very effective and efficient way to get a fresh start and eliminate your tax debt.  This solution to your tax debt problem is one that best benefits the taxpayer as well as the IRS.

The most common Offer in Compromise (OIC) is a “Doubt as to Collectability Offer.” This is the IRS tax debt settlement help that will more thn likely be for you. In determining whether to accept this offer in compromise, the IRS will look at your ability to pay, based on your assets, future earning potential, and current income and living expenses.

Another type of Offer in Compromise (OIC) is a “Doubt as to Liability Offer.”  Here, the IRS does not consider your current income in deciding whether to accept the offer.  Instead, a doubt as to liability offer gives a taxpayer an opportunity to settle tax debt for a fraction of what is owed if the taxpayer has reason to believe he or she does not in fact owe the amount that the IRS claims he owes.  Doubt as to liability offers are not available to taxpayers who have already litigated their tax debt in court.

The last type of Offer in Compromise (#IRSsettlementagreement)) is an “Effective Tax Administration Offer.”  In these settlement offers, the IRS will consider all facts and circumstances in determining whether to accept the offer.  These tax settlement solutions are available for taxpayers who don’t dispute that the tax debt is owed to the IRS but instead face exceptional circumstances which effects their ability to pay the debt.

Is an Offer in Compromise the right solution for you? While an Offer in Compromise (OIC) is a very popular way for taxpayers to settle tax debt with the IRS, it isn't for everybody.  There is no “one size fits all” Offer in Compromise package and determining whether this tax settlement is the right way to approach this resolution requires a case-by-base determination of the facts and circumstances of the taxpayer.

***IMPORTANT NOTE*** Beware of tax resolution companies who advertise on television and promise to settle your tax debt for “pennies on the dollar.” The IRS PROHIBITS anyone from GUARANTEEING an Offer in Compromise. While some Offer in Compromise cases can settle for a significant discount, a proper analysis must be made to determine the proper offer amount. Many of these tax debt resolution companies do not employ any IRS tax attorneys and are not trained in understanding and dealing with the tax laws and simply provide empty promises. Many of these tax relief companies have significant consumer complaints and some have been forced to close down.

The IRS Tax Attorneys at Flat Fee Tax Service, Inc. are trained and experienced in the Offer in Compromise process and can provide significant results in settling your tax debt.  FLAT FEE TAX SERVICE, INC. CLIENTS HAVE HAD A 90% IRS SETTLEMENT SUCCESS RATE. PER 2016 IRS STATISTICS, THE IRS APPROVED APPROX. 42% OF THE 80,000 OFFER IN COMPROMISE SUBMISSIONS. Give our tax professionals a call for your free consultation. During our discussion, we can determine whether an Offer in Compromise option is the right vehicle for your tax dispute.

You do not need to "schedule" a consultation. Simply dial right now. Call Monday through Saturday. 1-866-747-7435

How much should I offer the IRS?

Determining the right tax settlement depends on both the individual facts and circumstances of each case as well as the type of settlement offer submitted. Contact Flat Fee Tax Service, Inc. for your free consultation so that we can determine your proper settlement amount to maximize the probability of acceptance by the IRS. The ‘reasonable collection potential’ in some cases is less than the amount of taxes owed, and sometimes even far less. Many of our clients have paid between $100 and $500 to settle their tax debt with the IRS. The IRS will never accept zero. What other IRS tax debt settlements are available?

There are several IRS tax debt settlement options that may be available for you. Even if you may not qualify for an Offer in Compromise or if we determine that an offer is not the best option to settle your tax debt, you may still qualify for a small installment agreement or Currently not Collectible status.

How can a San Diego Tax Attorney at Flat Fee Tax Service, Inc. help with my Offer in Compromise if I live in Texas?

The IRS really doesn't want to see taxpayers "in the flesh". They handle nearly everything via fax. Our Tax Attorneys have direct lines into the IRS. The IRS wants to "close cases". That either by getting some sort of payment plan in place or arriving at a tax settlement. It is completely unnecessary for a taxpayer to set up an appointment, get in their car, drive many miles in traffic, wait for an hour in a waiting room for what can take place with a phone and a computer. Flat Fee Tax Service, Inc. practices exclusively in the area of tax debt enforcement and IRS collection matters. Our tax professionals specialize in having IRS garnishments, tax levies stopped and released (usually in one day). Taxpayers must be compliant and our IRS tax pro's will prepare all of your unfiled tax returns. The "cherry on top" is the Offer in Compromise. Tax debt settlements are a significant portion of our tax practice. An Offer in Compromise can often be very difficult to achieve. Our Tax Attorneys have the experience, knowledge, and technical know-how to produce the best settlement results for you.  An Offer in Compromise will usually take 10 to 12 months to complete. Our ax professionals will guide you through every single step of the process and ensure that the IRS ceases all collection activities while your settlement offer is pending. Keep in mind, if the IRS rejects an offer, the taxpayer will be notified why and can then file a new settlement agreement or appeal the denial with the appeals division. THESE ARE OUR FEES AND IRS TAX RELIEF PLANS

Unlike many of the nationwide tax resolution companies who advertise on the television and the radio, our local reputation and your satisfaction are of the highest importance to our firm.  We will never collect any fees for an Offer in Compromise package unless we are confident we can win. For this reason, every Offer in Compromise requires a thorough tax analysis to determine whether and how the Offer in Compromise is right for you.

If we believe that an Offer in Compromise is an appropriate vehicle to settle your tax debt, the next step is the preparation of an offer package. 

Your tax settlement will be submitted to the IRS, it normally will take between four and six months to hear from the IRS during the initial portion of the process. Initially your settlement offer is sent to the IRS facilities in Tennessee and New York. The IRS at this stage of the Offer in Compromise process want to see if an error exists with your paperwork so that the IRS can reject your tax settlement as "unprcessable". After your Offer in Compromise gets through the initial "gauntlet", the IRS will contact us regarding your settlement offer. Our tax relief team will zealously negotiate with the IRS for the best possible offer. Unlike accountants and other so-called “tax professionals,” the tax attorneys at Flat fee Tax Service, Inc. are trained in the area of tax negotiation and will put our 10 plus years of tax experience to work for you!

The entire Offer in Compromise process will likely take between 10 and twelve months to complete. During that time, we will ensure that all collection activities (including IRS garnishment and tax levies) of the IRS cease so that you can rest assured that your hard earned assets will be protected during that time. After your IRS settlement is accepted, you will have up to 2 years to pay the tax settlement.






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