Offer in Compromise
Do you need tax debt help? We can help with IRS debt, as well as state taxes, by setting up an Offer in Compromise. Offer In Compromise (OIC) is a mutually beneficial agreement between the taxpayer and the government to reduce your tax obligation. When shown there is no ability to collect the tax in full, tax agencies agree to settle your debt for pennies on the dollar. At Tax Solutions Group, we average a 96% reduction. Once the OIC amount is paid in full, any tax lien recorded is released, helping to restore your credit.
The IRS or state requires that you remain current in your tax filings and payments for the next 5 years as a condition of the acceptance, which Tax Solutions Group works with you to maintain (we don’t like to see our hard work go to waste). WIN-WIN.
Realize the Offer-In-Compromise program is not a “right” but a request. Taxpayers’ hardship must be backed with current income and expense analysis. Receipts must show current payments for living and/or business expenses. In addition, the OIC must be submitted with 100% accuracy to assure the offer is accepted. When done correctly, the Offer In Compromise program allows you to obtain a “clean slate” and get a fresh start. We know how to get an offer in compromise approved and set you up for future success. Contact us for tax debt help today!