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Offer-In-Compromise

DisclaimerThe following Offer-In-Compromise material is intended for general information only and not legal or tax advice.

Zaher Fallahi, IRS Defense Tax Attorney, Certified Public Accountant (CPA), is a Tax Controversy Attorney, CPA, and represents clients nationwide with the IRS Audit, IRS Offer-In-Compromise, Cryptocurrency Tax, Offshore Accounts and Foreign Gifts. Consultation is available via toll free 1-(877) 687-7558.

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Zaher Fallahi, IRS Defense Tax Attorney, CPA, has completed “Negotiation and Leadership”, and “Leveraging the Power of Emotions as You Negotiate” Certificate Programs at Harvard Law School.

Source: IRS

IRS Offer-In-Compromise

An Offer-In-Compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you cannot pay your full tax liability or doing so creates a financial hardship. We consider your unique set of facts and circumstances:

We generally approve an Offer-In-Compromise when the amount offered represents the most we can expect to collect within a reasonable period of time. Explore all other payment options before submitting an offer-in-compromise. The Offer-In-Compromise program is not for everyone. If you hire a tax professional to help you file an offer, be sure to check his or her qualifications.

Make Sure You Are Eligible For Offer-In-Compromise

The IRS will return any newly filed Offer-In-Compromise (OIC) application if you have not filed all required tax returns and have not made any required estimated payments. Any application fee included with the Offer-In-Compromise will also be returned. Any initial payment required with the returned application will be applied to reduce your balance due. This policy does not apply to current year tax returns if there is a valid extension on file.

You are not eligible for an Offer-In-Compormise if you are in an open bankruptcy proceeding. Use the IRS’s Website to confirm your eligibility and prepare a preliminary proposal.

Submit Your Offer-In-Compromise Application

Find forms for submitting an application and step-by-step instructions in Form 656 Booklet. Your completed offer package will include:

Select A Payment Option

Your initial payment will vary based on your offer and the payment option you choose:

If you meet the Low-Income Certification guidelines, you do not have to send the application fee or the initial payment and you will not need to make monthly installments during the evaluation of your offer. See your application package for details.

Understand The Process of Offer-In-Compromise

While your offer is being evaluated:

Zaher Fallahi, IRS Defense Tax Attorney, Certified Public Accountant (CPA), is a Tax Controversy Attorney, CPA, and represents clients nationwide with the IRS Audit, Non-Filed Tax Returns, Offer-In-Compromise, Cryptocurrency tax, Offshore Accounts and Foreign Gifts. Consultation is available by toll free 1-(877) 687-7558.

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