Offer in Compromise Help

If you want tax settlement help from a tax attorney, call Nationwide Tax Group at (800) 632-1750 for a free consultation where we will discuss your tax settlement options. Our competent staff of dedicated tax relief specialists are ready to offer you their efficient services when you contact them.

What is an Offer in Compromise?

An IRS Offer in Compromise is an agreement between a taxpayer and the IRS that resolves the taxpayer debt. The IRS has the authority to settle or "compromise," federal tax liabilities by accepting less than full payment under certain circumstances. You can contact Nationwide Tax Group for help with your IRS tax debt.

An IRS tax debt can legally be made through an offer in compromise for the following reasons in question:

Doubts as to liability - there is a doubt that the tax is correct.
Doubt collectability - there is no doubt that you will pay the full amount of IRS tax debt due.

Effective Tax Administration - There is no doubt the tax is correct and there is no doubt that the debt can be collected but an exceptional case that allows the IRS to consider the offer a taxpayer in the transaction. To prove that for an offer in compromise on this basis, a taxpayer that the tax would create an undue economic or would be unfair and unjust.

Offer in Compromise and IRS policy:

Policy Statement P-5 to 100, it states: Service to accept an offer in compromise, but it is unlikely that the IRS tax debt can be collected in full and the amount offered reflects sufficiently well collection potential. An offer in compromise is a legitimate alternative to declaring a case currently not collectible or resolving your IRS tax debt with an installment agreement. The goal is to collect, potentially redeemable IRS tax debt at the earliest opportunity and at lower cost to the government.