IRS Offer in Compromise for Tax Liens - San Diego Tax Law Firm solving tax lien, back taxes, tax debt, wage garnishment & tax problems

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Offer in Compromise

- Removing Tax Liens, Wage Garnishments and Tax Debt from Back Taxes -

CASE SIZE: I only accept Offer in Compromise cases with tax debt of over $30,000. Your balance due must be significantly more than your assets and ability to pay to qualify for an OIC.

Through the Offer In Compromise Program established by the Internal Revenue Service (IRS), you may qualify to settle your IRS tax debt at a substantial discount. If your assets are less than your debt, and you can not afford to make payments, I can eliminate your tax debt. Once I file your Offer, the IRS is prohibited from collecting from you. This means your bank levies and wage garnishments will stop!

Most people do not have the skills or knowledge of the IRS collection process to negotiate an Offer in Compromise that is in their best interest. Government figures show that 75% of Offers in Compromise are returned due to forms being filled out incorrectly; and of the 25% that are processed, approximately 50% of them are rejected.

Qualifying for an IRS Offer in Compromise based on doubt as to collectibility is based on your monthly income and expenses, assets, and economic hardship conditions. I will personally analyze and prepare the financial statements because a strong presentation and accounting is the key to success in the OIC program. In addition, I personally handle ALL negotiations and communications with the IRS. There are no salesmen or assistants working on your confidential case at any time.

I offer unique professional and personal representation to resolve your tax matters. For this reason, I accept a limited number of cases each month.

The Process

1. Qualification.

Do you owe more than $30,000 to the IRS?

Are your assets less than your tax debt?

Is your income insufficient to make monthly payments to the IRS?

If you answered yes to these questions, you may be eligible for an IRS Offer In Compromise.

2. Access IRS Records.

After filing the Power Of Attorney with the Internal Revenue Service, I obtain a copy of your transcript of account and determine if the IRS made any errors in the handling of you account. I also research whether there is any basis for Doubt As To Liability, Special Circumstances or expiring Statute of Limitations that would support an even lower IRS Offer in Compromise amount. I will then discuss my findings with you and find a resolution and minimum offer amount that works.

3. Missing Tax Returns

Before you are eligible for an Offer in Compromise, you must file ALL missing tax returns. I can prepare and file them based on IRS records and the information you provide. For more information and costs of preparing delinquent tax returns, click here.

3. File the IRS Offer in Compromise.

Upon receipt and processing of your Offer in Compromise, the IRS suspends all collection activity while your OIC is being considered. Usually four to eight weeks thereafter, the IRS confirms that the Offer in Compromise is properly submitted and that it will be assigned to a Revenue Officer. Usually within two to five months of being assigned, a Revenue Officer will contact me. You will not need to speak with or have any contact with the IRS.

4. LAW CHANGE: On July 16, 2006, the "Tax Increase Prevention and Reconciliation Act of 2005" went in to affect. Section 509 requires that a 20% nonrefundable deposit accompany all Offers in Compromise. This law change is expected to raise $699 million over 5 years and $1.9 billion over 10 years.

5. Corresponding with IRS and Providing Supporting Documentation.

The IRS Revenue Officer will typically request certain documentation to support the the Offer in Compromise, which I will request from you. Prior to submitting any documentation to the Revenue Officer, I carefully screen it to make sure it is consistent with what was previously reported. Sometimes the Revenue Officer will determine that the offered amount must be higher but with further negotiation and presentation of additional information, it is common to get the Revenue Officer to agree with my original Offer in Compromise amount.

6. Acceptance if Offer in Compromise.

Once your Offer is accepted, you have ninety days to pay the agreed amount. After receiving payment, the IRS writes off the balance of the liability and releases all tax liens.

Free Analysis

Complete the form below for a FREE confidential analysis of your IRS situation. I will personally review your submission and phone you to discuss your options. No salesman or assistants will be involved!

Offer in Compromise Contact Form
Name:
Address:
City:
State:
Zip:
Home Phone (optional):
Office Phone (optional):
Cellular Phone (optional):
Email:
Federal Tax Debt:
State Tax Debt:
Number of people in your household:
Monthly Income:
Monthly Expenses:
Equity in Your Home:
Value of Other Assets:
Assets include bank, retirement, investment accounts, etc.

Comments:
Describe any wage garnishments, missing tax returns, or any urgent issues.

Click here to schedule a confidential appointment by email or call my direct line at (619) 557-0587. I will personally answer your call and questions, and I will be the only one that deals with the IRS on your behalf.