Tax Relief Services for Your Peace of Mind

An Offer in Compromise (OIC) is a formal, written agreement between a taxpayer and the IRS to settle a tax liability for less than the full amount owed. Many states have a similar program. An OIC can be based on “Doubt as to Collectability” (the taxpayer proves he or she is not capable of repaying the debt in full), “Doubt as to Liability” (the taxpayer proves that there is some doubt as to whether the taxes should actually be owed) or “Effective Tax Administration” (typically the taxpayer proves some kind of hardship that warrants a tax settlement).

An Offer in Compromise is a settlement with the Internal Revenue Service (or state taxing authority) for less than the full amount owed. Usually, it is based upon doubt as to collectability (a financial demonstration that you do not have the ability to fully pay your tax liability within a reasonable amount of time). The Internal Revenue Service uses a formula to determine an acceptable settlement amount. A cash offer may be made in which the taxpayer pays the settlement amount in full within 5 months of acceptance.

Taxpayers who cannot afford to pay the lump sum cash settlement amount within 5 months of acceptance may be eligible for a periodic payment arrangement whereby the settlement amount is paid off with up to 24 monthly payments.

In addition to “Doubt as to Collectability” Offers, Offers may also be approved based on “Doubt as to Liability” (establish that there is some doubt as to whether the taxes should actually be owed) or “Effective Tax Administration” (demonstrate a hardship).

You may be eligible for an Offer in Compromise and not know it. Aggressive government collection agents might not tell you that you are eligible. Sometimes, a seemingly friendly government agent may offer to “help” you prepare and process your own Offer in Compromise. The IRS will then frequently use its own formula against you to either reject your offer or force you to settle for more than you should.

The IRS may assess a variety of penalties on your tax account, including late filing and late payment fees. Sometimes the penalties dwarf the actual taxes owed.

An IRS installment agreement allows taxpayers to pay their tax debt in manageable monthly installments rather than a lump sum. While this arrangement provides relief, how your payments are applied plays a critical role in the total cost of repayment.

However, a common mistake is assuming that all payments are automatically applied in your best interest. The truth is, unless you clearly designate voluntary payments, the IRS will apply them in a way that maximizes their benefit, not yours. This can result in unnecessarily prolonged debt and accumulating penalties.

Strategic payment allocation focuses on recent tax periods, reducing the risk of increasing penalties.

Consulting with us ensures that your payment strategy aligns with current IRS rules and your financial goals. We have experience in negotiating Installment Agreements and assisting taxpayers with the paperwork that is necessary for obtaining an Installment Agreement.

Innocent Spouse Relief was designed to alleviate unjust situations where one spouse was clearly the victim of fraud perpetrated by their spouse or ex-spouse.

The payment plan negotiated by us will be more favorable than any IRS wage garnishment. It allows you to receive your whole paycheck without fears of future wage garnishments.

If you owe back taxes and do not see the service you need listed within this site, please call us. It is more likely that we can help.

In some cases, it is possible to have a tax lien withdrawn prior to full payment of the underlying tax liability. If the government has yet to file a lien, it may be possible to negotiate an arrangement whereby the government agrees not to file a lien.

A tax lien can prevent a taxpayer from utilizing assets subject to the tax lien for collateral on a loan. A tax lien can also interfere with an existing lending arrangement between a taxpayer and a lender, particularly when the collateral is inventory or accounts receivable. In either of these situations, it may be possible to convince the IRS to approve an Application for Subordination of Federal Tax Lien.

Taxpayers frequently have a difficult time understanding how the IRS calculated their liabilities. We can obtain a copy of your tax transcript, analyze it, and tell you exactly how much you owe in tax, penalties, and interest. We can also obtain additional useful pieces of information from your tax transcript, such as whether the IRS has fulfilled its procedural requirements for enforcing against you.

Tax liens can impair or prevent a taxpayer’s ability to sell an asset that is subject to a tax lien. By convincing the IRS to approve an Application for Certificate of Discharge of Federal Tax Lien, our staff can help individuals and businesses transfer a clean title of an asset or assets to a buyer.