Offer in Compromise, IRS Settlements – How to pay the very lowest, Former IRS Agents
Offer in Compromise, IRS Settlements – How to pay the very lowest, Former IRS 1-866-700-1040
We were former IRS teaching Agents who taught the Offer in Compromise Program.Call us for a free consult.
If you want to find out how to pay the very lowest amount and have IRS accept your offer compromise or a tax settlement accepted it only makes sense to contact former IRS agents who used to work the program, who accepted and denied offers in compromise and also taught the program to new IRS agents.
We are also comprised of tax attorneys, CPAs, and former IRS agents.
We have over 60 years of direct work experience at the Internal Revenue Service in the local, district, and regional offices of the Internal Revenue Service.
We have worked thousands of cases and know the exact procedures and tax settlement formulas to ensure that our clients pay the lowest amount allowed by law.
The Offer in Compromise is similar to an IRS tax audit
The offer in compromise is very similar to an IRS tax audit.
The IRS spends a lengthily amount of time doing due diligence before they accept an offer in compromise or a tax debt settlement.The average time to work an accepted offer in compromise 0r IRS settlement is 20 hours. Everything is reviewed, documented and verified.
Offers in Compromise, IRS Settlements are open to Public inspection
One of the reasons so long is spent working accepted offers is due to the very fact that all accepted offers in compromise are open to public inspection in certain regional or district offices for the period of one year.
Any person can walk into one of those offices and asked to inspect the files of accepted offers in compromise. As a result IRS is very cautious and painstakingly thorough before an accepted stamp gets placed on an offer.
IRS IRM 11.3.11.8 (06-30-2009)
Public Inspection of Accepted Offers-in-Compromise
IRC §6103(k)(1) provides for the public inspection of certain Offers-in-Compromise. Treasury Regulation 301.7122-1(j) and the instructions for Form 656, Offers in Compromise, both refer to this provision.
Treasury Regulation 601.702(d)(8) requires that Form 7249, Offer Acceptance Report, for each accepted offer in compromise with respect to any liability for tax imposed by Title 26 will be available for inspection and copying.
Applicable Forms 7249 will be available for one year from the date of execution in the location designated by SB/SE for the taxpayer’s geographic area of residence. The inspection file will be maintained so that it is readily available for examination by the public.
Case histories prepared by the appropriate functions relating to the consideration of the offer are not open to inspection and may be disclosed only as permitted by other provisions of IRC §6103.
Requests for copies of Form 7249 available under (2) above, where no personal inspection is involved, should be in writing and processed in accordance with IRM 11.3.13, Disclosure of Official Information – Freedom of Information Act.
Requests to inspect Forms 7249 that are not available under paragraph (2) above because more than one year has elapsed since acceptance should be in writing and processed in accordance with IRM 11.3.13, Freedom of Information Act.
Reviews of Offers in Compromise, IRS Settlements
Not only does the agent working the case have to accept the offer but his or her group manager must place their acceptance but also the area supervisor and the District Counsel of the IRS. Offers are thoroughly reviewed. They are reviewed by Counsel for legal matters only.
How to ensure you pay the lowest amount for your offer
To the person who does not spend a lot of time in this vertical is impossible for them to understand the web of details that can drive your offer in compromise to his lowest possible amounts. IRS puts various information out there on the web you can read about many of these things you can find on different web sites however the experience of former IRS agents who know all the details and particulars of having other items included as expenses can help drive the offer in compromise down to the lowest acceptable amount.
IRS is concerned only about two things:
1. Your Assets,
2. Your income.
They could care less about your emotional or personal problems. This is all about the numbers so sob stories have no place. Remember, this is a numbers game only.
As far as your assets, use distrait values only, no more no less.
As far as your income and expense ratios, make sure a true experience professional reviews allowable expenses. There are other allowable expenses that can be included if properly documented.
It is best to call us because each situation is unique and there are volumes that can be written or spoken about this issue. Truly, each case is unique.
at fresh start tax we will not submit an offer in compromise or an IRS settlement and less we feel it has an excellent chance of getting accepted by the Internal Revenue Service.
25% of all offers in compromise sent in to the IRS are accepted.
In speaking with a IRS agent who works the offer in compromise program stated to me the best guess was that 80% of those offers that were accepted were sent in by professional tax firms.
Areas of Professional Tax Practice:
- Same Day IRS Tax Representation
- Offers in Compromise or IRS Tax Debt Settlements
- Immediate Release of IRS Bank Levies or IRS Wage Garnishments
- Tax Relief from a IRS Bill, Letter or Notice of “Intent to Levy”
- IRS Tax Audits
- IRS Hardships Cases or Unable to Pay
- Payment Plans, Installment Agreements, Structured agreements
- Abatement of Penalties and Interest
- State Sales Tax Cases
- Payroll / Trust Fund Penalty Cases / 6672
- Filing Late, Back, Unfiled Tax Returns
- Tax Return Reconstruction if Tax Records are lost or destroyed
- Offer in Compromise, IRS Settlements
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- We taught Tax Law in the IRS Regional Training Center
- Former IRS Agents, Managers and Instructors with over 60 years experience in the local, district and regional IRS offices.
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Offer in Compromise, IRS Settlements – How to pay the very lowest, Former IRS