Need help with your Offer In Compromise (OIC)?
You came to the right place. We are here to help you with preparing your offer in compromise for the IRS. First, we need to discuss your tax debt settlement case to see if an OIC is the best option for you. Contact us right away for your free consultation with an experienced IRS tax attorney in Maryland.
What is an IRS Offer In Compromise?
An offer in compromise (OIC) is an agreement between a US taxpayer and the IRS also known as the IRS which aims at resolving a taxpayer’s tax liabilities for less that the full amount. By filing an offer in compromise, the taxpayer makes an offer to the IRS and asks that the IRS settle taxes for less.
Can you negotiate a tax debt settlement with the IRS?
Yes, it is possible to negotiate your tax debt with the IRS in certain cases. Our law firm can help you navigate through the IRS tax debt settlement process. We’ve successfully helped many clients and we can help you as well. Reach out to our office so we can review your case with you to determine if this is the best path for your situation. We look forward to working with you.
Details About An IRS Offer in Compromise
Occasionally, the IRS concludes that a tax debt cannot be collected in full or there is a dispute as to what is owed. In order to resolve these tax collection and federal tax liability issues, the IRS will consider entering into an IRS offer in compromise agreement with the taxpayer. An IRS offer in compromise (OIC) is an alternative to concluding that a tax debt is not collectible or to a protracted installment plan agreement. Many cases handled by the IRS Appeals Division may be resolved through the offer in compromise process. If the IRS accepts the taxpayer’s offer in compromise, the tax debt would be reduced and the IRS would accept the partial payment as payment in full for the tax obligation or the IRS tax debt.
Acceptance of Your Offer in Compromise by the IRS
To obtain acceptance of your OIC by the IRS requires extensive preparation and analysis of the IRS regulations and the specific circumstances of the taxpayer. A taxpayer who is considering entering into an IRS offer in compromise must think about the pros and cons of making an offer, the OIC eligibility requirements, the dollar amount of the offer, the statute of limitations on tax debt assessment and tax debt collection, and how to best negotiate a successful compromise with the IRS. Even if he or she qualifies, entering into an offer in compromise is not always the taxpayer’s best option. Our tax debt lawyer is well trained to help you make the right legal choice for your personal situation.
How Can Mehdiyoun Law Firm Help You?
We will help you find the best option for reducing your tax debt obligations. We can also help you negotiate your tax debt settlement with the IRS, if that option is available for your case.
Need help preparing an offer in compromise?
Received an IRS notice of tax delinquency or a tax bill and are considering settling your IRS tax debts?
Contact us right away for your free consultation with our IRS tax attorney. We’re here to assist you with the best offer in compromise help available in Virginia, Maryland, and Washington, DC. Our tax office is located in Montgomery County Maryland.