Offer in Compromise
Cut Your Tax Debt to Small Change:
Find out how to use the same techniques CPAs and attorneys use to cut taxes.
- Learn the most common mistakes that you must avoid.
- Learn how to calculate if you qualify now and if you don't what next?
- Learn a simplified and thorough approach that you can follow step-by-step and leave no stones unturned.
IRS Offer in Compromise -
The "Holy Grail" of tax debt relief.
Do It Yourself
Find out if you qualify to make the IRS an offer to cut your tax debt.
Then...... Do IT.....Yourself.
Use the TaxULess step by step approach to guide you through the process of gathering your information and filing out the IRS Forms.
You will save a lot of money and you will do the very best job with the best outcome possible and you will have confidence that you did it correctly because you will understand how the process works.
You will have much more power to settle for less if you know how to negotiate for yourself.
If you qualify for the IRS Offer in Compromise Program your debt with the government can be reduced to a minimum, sometimes a fraction of what you owe.
An offer in compromise is an agreement between a taxpayer and the Internal Revenue Service (IRS) that resolves a taxpayer's tax liability. The IRS has the authority to settle, or "compromise", federal tax liabilities by accepting less than full payment under certain circumstances. An Offer in Compromise is considered only after all other collection alternatives have been explored.
The minimum offer amount must generally be equal to, or greater than, what the IRS believes it can 'reasonably' collect from you.
The IRS may legally compromise for one of the following reasons:
Doubt as to liability -
When doubt exists that the assessed tax is correct. This reason is not likely to help you, so go on to the next reason.
Doubt as to collectibility -
When doubt exists that the taxpayer could ever pay the full amount of tax owed.
Effective tax administration -
Under effective tax administration, there is no doubt that the assessed tax is correct and no doubt that the amount owed could be collected, but the taxpayer has an economic hardship or other special circumstances which may allow the IRS to accept less than the total