An offer in compromise (OIC) allows you to attempt to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can’t pay your full tax liability, or doing so creates an undue financial hardship.
The proper utilization of the Federal and/or State OIC programs allows you to get your tax debt under control, by making an offer to the government for the less than the taxes you owe. The OIC program also gives you time to get your financial house in order and stave off any aggressive collection action.
The OIC program can be very beneficial for any individual or anyone’s business that has tax debt that they cannot keep current with, or who seeks to get a reduction in taxes, penalties or interest owed.
We will gather and file all the Offer in Compromise paperwork on your behalf, and help individuals and business owners manage the labyrinthian, and at times byzantine, OIC application process, and handle all negotiations to obtain the best result possible under your specific financial circumstances.