The IRS has the authority to settle or compromise federal tax liabilities by accepting less than full amount under certain circumstances. One of the following factors must be established in order for the IRS to accept an Offer in Compromise and settle the liability:
- The taxpayer cannot pay off the liability;
- There is doubt that the taxpayer actually owes the liability;
- The settlement would promote effective tax administration.
IRS is not the only agency with an Offer in Compromise program OIC. Our tax managers also help taxpayers in settling delinquent taxes owed to State taxing agencies that have offer in compromise programs.
Email for more information or call: 800-227-7474 (24hr)