IRS Offer in Compromise: Get Rid of Your
Tax Debt!
An IRS Offer in Compromise could be your ticket to reducing tax debt, allowing you to settle for less than you owe. At Turn to Tax Resolution, we’re here to guide you through every step, ensuring you find relief and clarity during tough financial times. Let us be your trusted advisors.
Understanding in Detail: What is IRS Offer in Compromise?
An IRS Offer in Compromise (OIC) is a tax relief solution for those who find paying their full tax liability a significant financial hardship. This IRS settlement offer in compromise allows taxpayers to settle their tax debt for an amount less than the total owed. Here’s what the IRS considers when evaluating your OIC application:
Your Ability to Pay: This involves an assessment of your financial capacity to settle tax debts, a key aspect of the IRS offer in compromise help process. Income Factors: The IRS considers your income a crucial factor in evaluating offer in compromise assistance. They do this by evaluating the income of the taxpayer by calculating their monthly income and subtracting their allowable monthly expenses. Expense Analysis: Your living expenses are analyzed to understand how they influence your ability to pay the tax debt. Asset Equity: The worth of your assets is assessed, which is important in determining the terms of your IRS offer in compromise help.
When making an offer to the IRS, it’s crucial to propose an amount accurately reflecting the maximum they can expect to collect from you within a reasonable timeframe.
Seeking professional assistance can help you maximize your chances of a profitable outcome and move toward financial stability.
How Can We Assist You?
After our initial discussion, our team conducts an in-depth evaluation of your tax situation. We thoroughly examine your financial records to identify any major issues and potential opportunities for an IRS offer in compromise.
After evaluating the insights, we devise a strategy to address your tax needs, focusing on securing an effective outcome for an IRS offer in compromise.
Once the planning is completed, it’s time to implement it. This involves negotiating with the IRS, preparing necessary documents, and taking decisive steps to tackle your tax issues with the IRS.
From gathering the necessary documentation to filing your offer, we’re with you every step of the way, ensuring the process is smooth and stress-free.
Why Choose Us?
Ready to get rid of your tax debt and find relief?
Have a word with our experienced tax professionals today to explore your options for an IRS Offer in Compromise. Let us help you achieve financial stability and peace of mind.
What's
our clients says
Carlton Brewster
I had over $50,000 in tax debt. I felt helpless. Sara formulated an Offer in Compromise that was accepted by the IRS, reducing my debt to $20,000. Her skills in tax laws gave me a new lease on life.