Offer In Compromise Experts in Houston TX that Can Actually Deliver
Tax problems with the IRS can be very stressful, especially when you don’t know what options are available and how you should move forward to solve them. If you have been notified that you owe tax money to the IRS an Offer in Compromise may be the best path to take if you qualify.
Offer in Compromise
An Offer in Compromise allows you to formally negotiate with the IRS so you can settle for less than the full amount you owe. For some people this will be a little less than the full amount owed and for others it can be a large amount. This can be a big relief.
A lengthy process
However, the Offer in Compromise process is quite complex and it can take anywhere from between twelve and twenty-four months to achieve a successful resolution on your application.
You will be required to provide information on your entire financial situation for around three months, and you will need a lot of documentation to support your case. You will need to track your spending on essential household expenses, such as housing, food, transportation and child-care. This is because your paperwork will be assigned to an IRS Offer Specialist who will verify your income and expenses by matching them against your bank statements, rent or mortgage agreements, utilities bills and more. You need to be thorough in this work as the IRS will also perform property searches and examine vehicle registration records to determine if you are hiding income or assets.
The IRS needs a complete picture of your financial situation so they can determine the best method for collecting on your tax debt. The second purpose is to provide essential information for calculating your Reasonable Collection Potential on your tax debts.
Pulling together a case
There is an important need to bring all this solid paperwork together so it can be used to underpin a strong argument about your extenuating circumstances. The leading experience of the Success Tax Relief team can help bring this all together whilst relieving you of the emotional burden. You will be supported every step of the way and a personal plan will assist with ensuring all the necessary records are being kept with the corresponding documentation. A big part of the job is making sure that the IRS staff officer can do their job smoothly, without spending time looking for follow-up information.
The Offer in Compromise involves negotiating with the IRS, and so, you will be able to select a suitable representative from the wide range of staff at Success Tax Relief with diverse case management skills and appropriate qualifications as tax attorneys, certified public accountants or enrolled agents.
If you succeed in having your Offer in Compromise accepted, you must stay in compliance by timely filing and timely paying all taxes for five years. Otherwise the IRS may rescind the Offer in Compromise and demand payment in full. Success Tax Relief can assist you with this plan.
If your application is unsuccessful
Success Tax Relief staff are immediately ready in the event your application is unsuccessful to create a backup strategy for handling your tax debt. They will also make sure you are up-to-date with all filing and payment requirements before assisting you to submit your application, and if you cannot achieve this we’ll support you through bankruptcy proceedings.
Success Tax Relief will keep you updated on the process and advise on all related matters whilst the IRS are evaluating your application. They are trained to proactively explain and discuss with you in simple terms all viable options in your case and have helped thousands of people with their tax problems.
Success Tax Relief has a strong team of experienced tax professionals on hand who all have a strong commitment to work aggressively in their role of acting as your advocate with the IRS. Call Success Tax Relief at 1-888-825-1179.