How would you like it if your $100,000 tax debt turned into a mere $100 tax debt? For some clients that hire us it is a reality. For our clients who have had their Offer In Compromises accepted the tax debt has all but vanished! While not possible for every client, an Offer In Compromise (OIC) allows a taxpayer to settle a tax debt by convincing the IRS to accept less than the full amount owed. Sometimes we can convince the IRS to accept way less than the full amount or a mere pittance of the full amount.
If you cannot pay your balance or make monthly payments you could qualify for an OIC or a settlement to settle for less than the full amount owed. We will need to disclose your full financial information to the IRS along with supporting documents to verify income and expenses claimed. The IRS takes anywhere from 3-6 months from the time of submittal, sometimes up to or more than a year for the IRS to review and make a determination. Depending on your offer proposal, once accepted by the IRS you have 5 -12 months from the acceptance date to pay on the settlement amount.
The Tax Defense Group has negotiated with the IRS on behalf of thousands of clients for them to pay the IRS less than they owe. For our clients who have had their Offer In Compromises accepted the tax debt has all but vanished!