Offer in Compromise | Why IRS Settlement Is Rejected | Flat Fee Tax Service | San Diego
Updated: Dec 4, 2020
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Offer in Compromise - IRS Settlement -
The Offer in Compromise (OIC) is an excellent program for potentially eliminating tens of thousands of dollars in tax debt, but first, your IRS settlement must be accepted by the IRS. Taxpayers may have seen advertisements (late night cable) promising that their tax debt can be settled for pennies on the dollar with an Offer in Compromise, but not everyone is eligible for a tax settlement, and those that are eligible must follow the program’s guidelines carefully. For some taxpayers, an Offer in Compromise (OIC) will only be accepted after negotiations and possibly appealing a tax settlement rejection.
THE IRS, ON AVERAGE, RECEIVE 80,000 OFFER IN COMPROMISE SUBMISSIONS PER YEAR. THE IRS WILL APPROVE, ON AVERAGE, 42% OF THE SETTLEMENT SUBMISSIONS.
Determining Your Collection Potential
The IRS will accept an Offer in Compromise (OIC) when it determines that the settlement offer is the most that they can reasonably expect to collect from you based on your financial information. If you receive a rejection letter from an offer specialist (IRS Examiner), it will often be because the IRS believes that your offer does not represent the most that they can get from you. FLAT FEE TAX SERVICE (FLAT FEE TAX RELIEF) HAS A 96% OFFER IN COMPROMISE SUCCESS RATE.