IRS Tax Relief – Offer in Compromise – We know the IRS settlement formulas
We are Former IRS agent and teaching Instructors.

The Internal Revenue Service  is now settling cases with taxpayers.
Over 38% of all offer and compromises are accepted by the Internal Revenue Service. They take around 6 months to process.
This ancient program, the OIC, as been around for tens of years and the Internal Revenue Service in days past have been absolutely stubborn accepting offers in compromise.
With the advent of the new fresh start initiative or fresh start program, the Internal Revenue Service has learned in many cases the only time the government has a chance of collecting the money is through a settlement procedure.
They finally have got smart and they have started accepting the offer in compromise. That is the easiest way that IRS tax relief can be achieved for taxpayers.
I would caution all people before filing an offer in compromise.
The offer in compromise for IRS tax relief is not for everybody.
The Internal Revenue Service has put out a pre-qualifier tool to make sure that taxpayers are qualified candidates. You should not give your money to any tax firm or tax professional unless you understand the offer in compromise and have walk yourself through the pre-qualifier tool.
The pre-qualifier tool is simple and you can find it on our website.
You can contact us today for free initial tax consultation and we can walk you through the process. As a former IRS agent and tax instructor I taught the offer in compromise program and I am completely aware of the protocols and systems and settlement formulas of what it takes to get an offer of compromise through the system.
 
What is the Offer in Compromise
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. Each case is different and no two cases are the same. IRS will judge your case on the:
1. Ability to pay;
2. Income;
3. Expenses; and
4. Asset equity.
Approval of the OIC
The Service 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. There is a very specific process, specific protocol and specific financial national standards that must be achieved for the IRS to accept the offer in compromise.
Make sure you are eligible before filing the OIC
Before the IRS can consider your offer, you must be current with all filing and payment requirements.
Please Note: You are not eligible if you are in an open bankruptcy proceeding.
Submitting 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 in compromise package will include:
1. Form 433-A (OIC) (individuals) or
2. 433-B (OIC) (businesses) and all required documentation as specified on the forms;
3. Form 656(s) – individual and business tax debt (Corporation/ LLC/ Partnership) must be submitted on separate Form 656;
4. $150 application fee (non-refundable); and
5. Initial payment (non-refundable) for each Form 656.
 
Select a payment option for the OIC – There are two
Your initial payment will vary based on your offer and the payment option you choose:
1. 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.
2. 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.
Understand the process the Offer in Compromise
 
While your offer in compromise  is being evaluated make sure:
1. Your non-refundable payments and fees will be applied to the tax liability
2. A Notice of Federal Tax Lien may be filed;
3. Other  IRS collection activities are suspended;
4. The legal assessment and collection period is extended;
5. Make all required payments associated with your offer;
6. You are not required to make payments on an existing installment agreement; and
7. Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date.
Contact us today to learn more about the filing of your offer in compromise.
Remember there are very specific procedures in place  and to  have the best chance of getting IRS tax relief will be through a former IRS agent who knows the process, who has accepted the tax settlements and who taught this program and system at the Internal Revenue Service.
We look forward to hearing from you. We’re the fast, friendly, and affordable firm.
 
IRS Tax Relief Can be Achieved through the Offer in Compromise