An Offer in Compromise is an agreement between a taxpayer and the IRS that resolves the taxpayer's tax debt. The IRS has the authority to settle, or "compromise," federal tax liabilities by accepting less than full payment under certain circumstances. A tax debt can be legally compromised for one of the following reasons:

• Doubt as to Liability - Doubt exists that the assessed tax is correct.
• Doubt as to Collectibility - Doubt exists that you could ever pay the full amount of tax owed.
• Effective Tax Administration - There is no doubt the tax is correct, and no doubt that the amount owed could be collected, but an exceptional circumstance exists that allows the IRS to consider your Offer.

To qualify for this program, the amount you owe must be more than you could realistically pay off in five years. The benefit to you could be a savings of thousands of dollars. The benefit to IRS is an end to their their costly collection process and a compliant taxpayer.

Because of the popularity of this program, millions of frivolous cases were submitted. Now, IRS carefully scrutinizes each case. Any miscalculation, and the offer could be rejected. We know the intricacies of the Offer in Compromise program. We use the same formulas and guidelines IRS uses to calculate the lowest possible amount IRS will accept.

Call 615-893-2269 for a free consultation.