Offer In Compromise

Free Consultations | After-Hours Service by Appointment | Personalized Tax Services

Free Consultations
After-Hours Service by Appointment
Personalized Tax Services

Learn About an Easier Way to Pay Back Taxes

Offer in Compromise is the IRS program that allows you to pay back the tax owed based on what you can afford to pay and not necessarily the amount you owe! This program is available if paying your full tax liability would create a financial hardship to you.

The rest is wiped away including all penalties and interest. That’s right - the program allows an eligible taxpayer to pay what they can afford regardless of the amount they owe. Once the offer is accepted and paid, the taxpayer is considered current with the IRS.

The IRS considers your unique set of facts and circumstances:

Ability to pay
Income
Expenses
Asset equity (bank accounts, retirement savings, house, car etc.)

The IRS generally approves an Offer in Compromise when the amount offered represents the most they can expect to collect within a reasonable period of time. If you would like to speak with our experts about your tax needs, don't hesitate. Advantage Tax Relief Inc is here for you. Contact us today and get started with a free consultation.

Check Your Eligibility

Before the IRS can consider your offer, you must be current with all filing and payment requirements. You are not eligible if you are in an open bankruptcy proceeding. Use the official IRS Offer in Compromise Pre-Qualifier to confirm your eligibility.

One key item that separates Advantage Tax Relief Inc from the competition is that we will not file an Offer in Compromise for you unless we are 100% certain that it will be accepted by the IRS. We are not one of those companies that you see on late-night TV that only takes thousands of your hard-earned money and then files an OIC when there is no chance of acceptance by the IRS.

We explore all other options before submitting an Offer in Compromise. The Offer in Compromise program is a last resort and is not for everyone.

Currently Not Collectible Status

A special case OIC is if we determine that you cannot currently pay any of your tax debt. This would qualify your account as Currently Not Collectible and temporarily delay collection until your financial condition improves. Being Currently Not Collectible does not mean the debt goes away, it means the IRS has determined you cannot afford to pay the debt at this time.

We follow the same process as an OIC to provide proof of your financial status including information about your assets and your monthly income and expenses.

You should know that if a CNC is granted, your debt will still increase because penalties and interest are charged until you pay the full amount. During this temporary delay, we will again review your ability to pay roughly every two years.

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COVID-19 update:

Advantage Tax Relief, Inc. is open and helping clients via no-cost initial telephone consultations, no- contact document drop-offs, and electronic communications throughout the process.

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