Offer in Compromise Attorney
Do you owe back taxes to the IRS? An IRS Offer in Compromise might be the right solution for you. An Offer in Compromise (OIC) is an out of court agreement between the taxpayer and the IRS that negotiates the taxpayer’s debt. With an Offer in Compromise and the right tax attorneys behind you, you may be able to settle your tax debt for significantly less money than you owe.
How does an Offer in Compromise work?
Offers in Compromise are essentially negotiations with the IRS to settle tax debt. To be approved for an OIC, the taxpayer’s situation must meet certain circumstances. Under law, the IRS has the ability to when one or more of the following circumstances are met:
- Doubt as to liability – Doubt that the calculated tax is correct
- Doubt as to collectability – Doubt that the taxpayer could ever pay back the full amount of tax liability owed
- Effective tax administration –Economic hardship that decreases the chances of the taxpayer’s repayment
If you believe you are eligible for an Offer in Compromise regarding your tax liability, the tax attorneys at Wooden Law Firm, P.C. can help.
Offer in Compromise Process
Once our team has reviewed your tax situation and confirmed that you are a candidate for an Offer in Compromise, we’ll handle all of communication and negotiation with the IRS. That means you won’t have to worry about how much you should offer the IRS or if the Offer in Compromise will be approved. Our tax attorneys and in-house CPAs will work tirelessly to fight for your rights and the best outcome possible.
Contact an OIC Attorney
If you’re wondering about an Offer in Compromise and whether your situation is applicable, contact the attorneys at Wooden Law Firm, P.C. We have years of experience settling tax debt for taxpayers throughout Georgia, Tennessee & Alabama.
Contact Wooden Law Firm, P.C. today to get started.