| IRS TAX RELIEF: IRS OFFER IN COMPROMISE (OIC) | | | | your properties and other collection activities are hold |
| Do you owe more than what you can possibly pay? | | | | off for the duration of your request. These are the |
| Are you getting frustrated knowing you can't afford to | | | | basis to which IRS may accept an Offer in |
| pay off your tax debts? If the answer yes, then you | | | | Compromise and you have to prove and support |
| should act now and look for a tax attorney or a tax | | | | either one of these reasons to file and get approved |
| professional to help you with your IRS tax problems. | | | | for an OIC: |
| This situation calls for a tax expert to negotiate with | | | | - Doubt as to liablity - If you believe that you do not |
| IRS on our behalf to save you from frustration and | | | | owe IRS the said amount of tax debts. |
| distress when dealing with the intimidating IRS staffs. | | | | - Doubt as to Collectibility - If there's really no way for |
| If you are facing a tax debt to which it is impossible for | | | | you to afford paying the said amount you owe IRS. |
| you to pay, an Offer in Compromise can be one of | | | | - Hardship cases or effective tax administration -When |
| the options you may use to solve your tax issues. | | | | you have the ability and the money to pay the full |
| Though only a few gets approved for this relief and | | | | amount however, paying off your tax debts will cripple |
| you have very minimal chances in using this option, you | | | | your finances and lead you to a serious oppression. |
| can still keep your fingers crossed for this. An IRS tax | | | | Requesting an Offer n Compromise can be a very |
| attorney can help you in getting this fifty-fifty chance | | | | complicated process and only tax professional experts |
| to settle your tax debts. | | | | like a tax attorney can effectively assist you all |
| What is Offer in Compromise (OIC)? | | | | throughout the duration of your request. Many |
| IRS Offer in Compromise provides IRS an authority to | | | | taxpayers have tried but failed to get approved for |
| reduce outstanding tax debts you owe including | | | | this option due to lack of OIC requirements, proof and |
| penalties and interests for less than the full amount of | | | | documentations that may support your request and |
| tax due. It usually takes six months to a year or longer | | | | sometimes the efficiency and reliablity of the person |
| to review an Offer in Compromise and process this | | | | handling the case. |
| type of tax relief. IRS is not allowed to levy any of | | | | |