I am a former IRS agent and teaching instructor with the Internal Revenue Service .

I am an expert in tax debt forgiveness through the offer in compromise program.

It is the only program available within the internal revenue service that allows for tax debt forgiveness. Do not be fooled by false advertisng, check with us  first.

Last year the internal revenue service received over 78,000 offers in compromise for taxpayers to get tax debt forgiveness.

38% of those offers in compromise for tax debt forgiveness were accepted for the Internal Revenue Service for an average of $6500.

Keep in mind that your financial statement alone will determine if and when IRS will forgive your back tax debt.

The tax debt forgiveness program, the offer in compromise, is not for everyone.

I would urge all taxpayers to walk to the offer in compromise pre-qualifier for tool to find out if they were eligible for tax debt forgiveness.

I also caution all taxpayers finding companies on the Internet to make sure they are true tax debt forgiveness specialists. Most companies you see on the Internet are no more than lead generation companies selling your information to third parties.

Please see below the offer in compromise or tax debt forgiveness program offered by Internal Revenue Service and the different rules and regulations that go with it.

Call us today for free initial tax consultation and we will walk you through the process to find out if you’re qualified in suitable candidate for tax debt forgiveness to the offer in compromise program of the Internal Revenue Service

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 can’t pay your full tax liability, or doing so creates a financial hardship.

IRS will  consider your unique set of facts and circumstances:

• Ability to pay;
• Income;
• Expenses; and
• Asset equity.

IRS will generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time, payment options before submitting an offer in compromise.

The Offer in Compromise program is not for everyone.
Before IRS will  consider your offer, you must be current with all filing and payment requirements.

You are not eligible if you are in an open bankruptcy proceeding.

Use the Offer in Compromise Pre-Qualifier to confirm your eligibility and prepare a preliminary proposal.

Submit your offer in compromise

You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF).

Your completed offer package will include:

• Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

• Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;

• $186 application fee (non-refundable); and

• Initial payment (non-refundable) for each Form 656.

Select a payment option

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

• Lump Sum Cash:

Submit an initial payment of 20 percent of the total offer amount with your application. Wait for written acceptance, then pay the remaining balance of the offer in five or fewer payments.

• Periodic Payment:

Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer. If accepted, continue to pay monthly until it is paid in full.

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

While your offer is being evaluated:

• Your non-refundable payments and fees will be applied to the tax liability (you may designate payments to a specific tax year and tax debt);

• A Notice of Federal Tax Lien may be filed;

• Other collection activities are suspended;

• The legal assessment and collection period is extended;

• Make all required payments associated with your offer;

• You are not required to make payments on an existing installment agreement; and

• Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.

IRS Tax Debt Forgiveness, Offer in Compromise Program, Former IRS, Experts in Tax Debt Relief