Filing and negotiating an offer requires an extensive background in Federal Tax Procedure. Your tax professional must know the laws and Internal Revenue Manual guidelines for the various methods that the IRS uses to evaluate reasonable collection potential such as dissipated assets and for offer acceptance itself.
Be wary. There are many scams associated with the Offer in Compromise program that are promoted by third parties. Many national tax agencies will offer to settle your tax debt for pennies on the dollar and will quote an affordable price for preparation. However, this fee does not include many of the hidden extras associated with the offer process. Most national tax agencies only prepare the tax forms associated with an Offer in Compromise and will not pre-screen offers for acceptance, review substantiation documents, negotiate with the IRS after the initial determination, or guide you through the appeals process should your offer not be accepted. We have encountered a number of these scams in our daily practice and encourage taxpayers to be vigilant when choosing tax counsel to represent them in the Offer in Compromise process. For more information, please see our current bulletin on National Tax Agencies.
Upon retaining us, all potential offer candidates go through a rigorous financial analysis to determine if an Offer in Compromise is right for you. We work intimately with our clients to draft an offer that is carefully tailored to your individual situation and we will also help you gather the necessary supporting documentation. Once the federal or state government has processed your offer, our skilled negotiating team will work diligently to get you the best possible resolution. Because we only file quality offers and are extremely experienced in preparing them, we have a high success rate with both federal and state tax authorities. Let our reputation and our record work for you. Please call our office today to schedule a free consultation and to find out if you are a candidate for an Offer in Compromise.
Don’t wait. The IRS and California Tax Authority Offer in Compromise program provides taxpayers that owe the IRS more than they could ever afford to pay the opportunity to pay a smaller amount as a full and final settlement.
- This program also allows taxpayers that do not agree that they owe the tax a chance to file an Offer in Compromise and have their tax liabilities reconsidered.
- The Offer in Compromise program allows taxpayers to get a fresh start.
- All back tax liabilities are settled with the amount of the Offer in Compromise.
- Federal and state tax liens are generally released upon acceptance of an Offer in Compromise and payment of the amount offered.
- An Offer in Compromise filed based on the taxpayer’s inability to pay the IRS looks at the taxpayer’s current financial position and considers the taxpayer’s ability to pay as well as the taxpayer’s equity in assets. Based on these factors, an offer amount is determined.
- Taxpayers can compromise all types of taxes, penalties and interest.
- Even payroll taxes and civil penalties from payroll taxes can be compromised.
If you qualify for the Offer in Compromise program you can save thousands of dollars in taxes, penalties and interest.
If you have any questions or if we can further assist you, please contact our San Diego office.
For more information, please see:
- Offer in Compromise Main Page
- The Offer in Compromise Process
- An Overview of an Offer in Compromise
- Eligibility Requirements
- Pros and Cons of an Offer in Compromise
- How the IRS Evaluates an Offer in Compromise
- Why Retain RJS Law for your Offer in Compromise?
- Offer in Compromise Alternatives
- National Tax Agencies