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Settling IRS tax problems

An Offer in Compromise or IRS Offer in Compromise may be just the right tax help that one needs. It is an out of court agreement between the IRS and the taxpayer that resolves the taxpayer's liability. The Internal Revenue Service has the authority to settle or compromise federal tax liabilities by accepting less than full payment under certain circumstances. These circumstances are:

Doubt as to collectibility (most common)
- Doubt exists that you could ever pay the full amount of tax owed.

Effective tax administration
- (i.e., economic hardship)

The most common resolution for an Offer in Compromise is doubt as to collectibility. The inquiry in this type of OIC is substantially similar to inquires made in a bankruptcy, i.e. Income is lower than acceptable expenses, insufficient assets to satisfy the debt if liquidated, etc. Many taxpayers file an OIC after receiving a discharge in bankruptcy in order to settle non-dischargeable tax debt.

If you qualify for an Offer in Compromise and meet the IRS criteria, we will prepare and complete a signature ready OIC for you. The decisions usually center on the proper valuation of your assets, accurate information about your monthly income, and living expenses.

We have the advantage of a national perspective regarding the Offer in Compromise process, because we have active cases throughout the United States, which helps eliminate the misapplication of tax law and prevent unnecessary errors while negotiating Offer in Compromise settlements. Through 12 years of experience Nationwide Tax Negotiators has developed an expert understanding of the Offer in Compromise process, and because of this, we have been able to offers at the lowest amounts the IRS will allow for each qualifying taxpayers situation.

Nationwide Tax Negotiators prepares Offer in Compromise to provide a very strong and substantiated case, in a very professional presentation, which is often complimented by many IRS agents working the cases. Our staff has IRS manuals at their disposal, specifically ones related to the Offer in Compromise procedures and Collection Activity, which allows us to force the IRS to follow the legal and administrative procedures as well as what Congress has mandated the IRS to follow.

Once the IRS accepts the Offer in Compromise, you have three payment plan options that the IRS may agree to:

Cash (paid in 90 days or less)
Short-Term Deferred payment (more than 90 days, up to 24 months)
Deferred Payment (payment terms over the remaining statutory period for collecting the tax.

Our inside knowledge of the IRS processes and way of thought will be beneficial in obtaining the best possible settlement. The firm you select must have a high degree of competence, knowledge, skill, and ability in preparing a complete and professional Offer in Compromise.

Contact Nationwide Tax Negotiators at http://www.compromise.com to determine your eligibility.

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