Offer In Compromise
An Offer in Compromise is a very feasible and appealing option for settling your tax debt for less than the full amount that you owe. This solution can be particularly helpful for those who are unable to pay the full amount owed to the IRS in the time required, especially if paying the entire amount will cause you financial hardship. The IRS evaluates all Offer in Compromise applications and takes into account the following circumstances that may apply:
- Consumer’s ability to pay the debt
- Annual income
- General expenses
- Asset equity
This option is similar to a debt settlement program for those with significant consumer credit card debt. The IRS realizes that in some cases, settling for a lower amount is a better option for them than not receiving any payment at all. Even if you have not yet been contacted by the IRS about your mounting debt, make no mistake… the IRS will eventually attempt to collect the debt. There are many ways that they can do this, including putting a levy or lien on your car, house, or other property. Instead of letting your home become subject to IRS seizure, get ahead of the IRS and negotiate your bill down through the Offer in Compromise program.
An Offer in Compromise is often viewed as a last resort effort to resolve tax debt but it may very well be the answer that you have been looking for to solve all of your tax problems. It is important to know that the application process and follow up with the IRS can be complicated and time consuming. To have the very best chance for success, you will want to enlist the help of an experienced tax relief firm to help determine if you are eligible for this program and then help you navigate this complex process.
Success Tax Relief has a very high success rate in gaining approvals from the IRS for Offers in Compromise. Our experienced tax relief specialists will immediately review your case and help determine if this option is a viable one for you and your family. Online research shows that Offer in Compromise program participants often pay less than 20% of the original amount owed to the IRS, and the full debt is forgiven upon payment. It can be done and we can help.
Call our tax specialists at Success Tax Relief at 1-877-825-1179 today and we will conduct a thorough and detailed review of your taxes. Before submitting your application to this program, we will determine exactly how much you owe to the IRS. Many times, we find that the IRS has actually overestimated the amount that customers actually owe. After reviewing our findings and discussing the next steps with you, Success Tax Relief will work directly with the IRS to apply for the Offer in Compromise on your behalf and will actively manage all future direct communication with the IRS.
For planning purposes, it is very important to understand up front that a portion of your proposed tax payment must accompany your Offer in Compromise application. You will have two initial payment options:
- Lump Sum Cash: Submit an initial payment of 20% of the total offer amount with your application. You will wait for written acceptance from the IRS and then pay the remaining balance of the offer off in five or fewer payments.
- Periodic Payment: Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.
Once the IRS has reviewed your application and made their decision, we will be back in touch with you about potential next steps. It is that simple. If your application is approved, it can quickly and painlessly ease this burden that has been weighing you down. You could feel immediate peace of mind knowing that your tax problems are finally being resolved.
You can call Success Tax Relief anytime at 1-877-825-1179 to get more information about the possibility of applying for an Offer in Compromise or many other viable options for tax relief. Our experienced tax professionals are available by phone and ready to work with you to come up with an answer to your unique and complicated tax problems. We provide a no obligation, free consultation, so there is no risk to you and no reason to wait. Our fees are reasonable and we pride ourselves in treating each and every one of our clients with dignity and respect. With that in mind, we make the following commitment to each of our customers:
- We will explain and discuss with you all viable options to resolve your issues in terms that are easy to understand. We will provide written documentation when possible.
- We will make a recommendation for the best course of action for you and your family
- We will serve as a mediator between you and the IRS and an advocate on your behalf
- We will provide you with compassionate, responsive customer service
- We will keep you informed every step of the way
Do not delay! It is extremely important that you act fast to ensure that Success Tax Relief can have the best possible opportunity to help you solve your tax problems. We understand the seriousness of these issues and have a proven track record of successfully negotiating with the IRS. With 30 years of experience working with consumers and businesses to solve IRS tax debts, we are ready to tackle your issues and let you sit back, relax and stop worrying about what might happen. Call 877-825-1179 to get started today!