OFFER IN COMPROMISE

You’ve heard about it, but you’re not sure if you qualify or even what an OIC is.  So, before we begin, let’s quickly review what is an offer in compromise (OIC).

Now this is almost verbatim from the IRS website:

An offer in compromise allows you to resolve your tax obligation for less than the full amount owed. It may be a legitimate option if you cannot pay your full tax liability, or doing so creates a financial hardship.  The IRS will consider your unique set of facts and circumstances:

• Ability to pay
• Income
• Expenses and
• Asset equity

There you have it. It’s that simple. And the key thing you have to consider is “your” unique set of circumstances. This is where Benefit Tax Advisors come in. We’ll help you define those conditions and deal with the IRS.

But first—to better serve you, we’ll need a few pieces of information. And if at any point you want to give us a call, our number is 800.381.8816 

OUR SUCCESS STORIES

OTHER SERVICES

Tax Resolution consist of programs such as Offer-in-Compromise (OIC), Currently-not-Collectible, Fresh Start, Short Pay Installment Agreement, Penalty & Interest Abatement, Tax Return Amendment, and Audit Reconsideration. Your personal circumstances, income, and assets will determine which mitigation strategy is best for you. This is something BTA uncovers during the discovery stage of your case. Upon completion of our initial exploration, BTA will make a professional recommendation and discuss the plan to achieve your goals.