Frequently Asked Questions (FAQ)
OFFER IN COMPROMISE
Do You Qualify for an Offer in Compromise?
Why would the IRS agree to accept less money than it is owed?
The IRS would of course love to receive the full amount of money owed to it; however, the Internal Revenue Service is aware that in some cases [...]
Entries Tagged as 'Offer in Compromise'
Tax Law FAQ’s – Offer in Compromise
July 14th, 2009 · No Comments
Tags: Offer in Compromise
Settlement – Offer in Compromise
August 20th, 2008 · 1 Comment
Offer in Compromise Lawyers
The IRS will always want taxpayers to pay their entire tax liability, plus interest and penalties. First, the IRS will attempt to find assets, including bank accounts and real estate, to levy against and to attach liens on in order to secure their interest. The IRS will further attempt to accomplish its [...]
Tags: IRS Tax Help · Offer in Compromise
Offer in Compromise
August 2nd, 2008 · No Comments
An Offer in Compromise, (also known as an “OIC”), is a federal IRS tax relief program designed to allow certain individuals and businesses who qualify to settle their tax liabilities.
Many businesses, including law firms, repeatedly proclaim that they can help these individuals and businesses “Save Pennies on the Dollar’ through the acceptance of an offer [...]
Tags: IRS Tax Lawyer · Offer in Compromise