Tax Offer in Compromise

If you have issues with the IRS or State Tax Agencies
Call Us Today at 866.6NO.TAXES or 866.666.8293

 Do you owe back taxes to the IRS? Are you unable to pay the full amount they claim you owe? You may be able to pay them "pennies on the dollar"!!

At the Tax Settlement Center, we have extensive experience working with clients who owe back taxes and need tax relief. If you are unable to pay your back taxes, an offer in compromise with the IRS could be the tax relief you need. An offer in compromise (OIC) is an agreement between you and the government that allows you to pay a portion of what you owe, either in a lump sum or as part of a payment plan. Out expertise as tax relief attorney can help you pay "pennies on the dollar" if you qualify for an offer in compromise.

Skilled Orange County, California Tax Relief Lawyer

We have broad experience evaluating and preparing offers in compromise. In addition, we have handled appeals for taxpayers whose offer in compromise has been rejected by the Internal Revenue Service.

Negotiating an offer in compromise is a complex process. We help our clients properly fill our Form 656, Offer-in-Compromise, and Form 433-A Collection Information Statement for Wage Earners and Self Employed Individuals, and/or Form 433-B, Collection Information Statement for Businesses. Filling out these forms correctly can be the difference between qualifying for an offer in compromise or having an offer in compromise rejected. Links to PDF versions of these forms are available on our Resource Links page.

Tax Offer in Compromise - The Basics

An offer in compromise (OIC) must be equal to, or greater than, your reasonable ability to pay the amount you owe. The term used by the IRS is reasonable collection potential (RCP). The RCP is defined by the IRS as the total of the taxpayer's realizable value in real and personal assets, plus future income.

The IRS may legally negotiate an offer in compromise tax settlement for several specific reasons.

• When there is doubt as to the taxpayer's liability.
• When doubt exists that the assessed tax is correct.
• When there is doubt as to whether the taxpayer's debt is collectible.
• When doubt exists that the taxpayer could ever pay the full amount of tax owed.
• For the purpose of effective tax administration.

If none of these criteria fit your situation and you have the ability to pay the tax liability in a lump sum or through an installment agreement, you will not be eligible for an offer in compromise.

Contact our California Tax Offer in Compromise Attorney

If you have been contacted by the IRS or state tax agency about a tax matter and need an experienced California tax relief attorney, please contact the Tax Settlement Center. We can be reached by phone at 866.6NO.TAXES or 866.666.8293 or by filling out the form on the contact us page.

The Tax Settlement Center is headquartered in Irvine, California. A majority of our clients reside in the Southern California areas of Irvine, Los Angeles, Riverside, San Bernardino, Long Beach, Torrance, Norwalk, San Diego, Oceanside, North San Diego County, Newport Beach, Laguna Beach, San Clemente, Santa Ana, Anaheim, Orange, Huntington Beach, Mission Viejo, Rancho Santa Margarita, Lake Forest, Foothill Ranch, Dana Point, San Juan Capistrano, Laguna Hills, Laguna Niguel, and all of Orange County.