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Need Help Reducing The Amount Owed To The IRS?
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Orange County Tax Resolution experts

A qualified Offer in Compromise (OIC) can be a very effective and dramatic way to settle tax debt, Sometimes for pennies on the dollar!

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What To Expect During The Process

Though the Offer in Compromise continues to be an effective tool to dramatically reduce tax liability, and has spawned an entire industry claiming ‘Pennies on the Dollar’ settlements, we would like to clarify what exactly the Offer in Compromise can achieve and what claims should be dismissed.

  • Can the Offer in Compromise Settle My Debt For Pennies on The Dollar?

    True and False. While we find this statement to be grossly misleading, as it implies simplicity to settling outstanding tax debt, the Offer in Compromise can dramatically reduce a taxpayer’s tax liability. In most cases, savings can be in the thousands of dollars and the taxpayer can finally get a fresh start. To qualify for an Offer, however, is very specific, and if not done correctly can cause much more harm than good.

  • Does Everyone Qualify For an Offer in Compromise?

    No, Although this remains to be one of the more popular advertised tax relief programs, not every taxpayer qualifies to have their tax debt reduced through an Offer in Compromise. In fact, the percentage of qualifying taxpayers is relatively low. Getting approved is a very specific process, and is one that must be approached carefully.

  • Are All Offers In Compromise Services The same?

    No, To accurately prepare an effective Offer in Compromise takes time and experience. There is simply no getting around the work that must be done to accurately draft a substantial offer. As you would more than likely hire a seasoned attorney to represent you in court for a criminal matter as opposed to a first year law student, the same can be said of the experience needed towards your tax obligation. The upfront fee is fair, and the savings and results can be dramatic for the qualifying taxpayer.

  • Are There Other Services Besides Offer In Compromise?

    Yes and in some cases they can end up saving you more money in the long run. "Penalty abatement", which removes penalties from accrued liabilities "Partial payment plans", which expire before the tax debt is paid in full and "CNC status", where IRS collections are placed on indefinite hold

Whats the next step?

The first step towards successful resolution is to acknowledge that your tax debt and IRS collection notices won’t go away on their own and to seek professional assistance. Our firm of tax professionals has helped thousands of individuals and businesses just like you stop forced collections and finally resolve their tax debt.