Affordable Experts Since 1982, Former IRS Teaching Instructor

One of the advantages of getting your offer in compromise accepted by the Internal Revenue Service is after you’ve lived up to the terms of the agreement the IRS will release the federal tax lien that was filed against you.

As a general rule, the Internal Revenue Service release that lien within 30 days after you complete the payment terms of a doubt as to collectibility offer in compromise.

If you need to learn more call us today for a free initial tax consultation and we can walk you through the process of obtaining an IRS tax lien release through the offer in compromise program.

As former IRS agents and managers would have logged over 65 years of direct work experience in the local, district, and regional tax offices of the IRS.

As former IRS agents and managers we worked the offer in compromise program as teaching instructors and on-the-job instructors.

We are tax experts for IRS tax liens and with the offer in compromise program.

The Offers in Compromise.

An Offer in Compromise is an agreement that allows taxpayers to settle their tax debt for less than the full amount.

The new Fresh Start Program expanded and streamlined the OIC program.

The IRS now has more flexibility when analyzing a taxpayer’s ability to pay.

This makes the offer program available to a larger group of taxpayers.

Generally, the IRS will accept an offer if it represents the most the agency can expect to collect within a reasonable period of time.

The IRS will not accept an offer if it believes that the taxpayer can pay the amount owed in full as a lump sum or through a payment agreement.

The IRS looks at several factors, including the taxpayer’s income and assets, to make a decision regarding the taxpayer’s ability to pay.

More Info on the Offer Program

If you want to settle your back taxes, IRS will require a current financial statement along with full documentation.

IRS will require form 433OIC and form  656OIC to be fully documented and complete before the submission of an offer in compromise.

Select a payment option for IRS Debt Settlements

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.

IRS Federal Tax Lien Releases Through Offer In Compromises + Former IRS Settlement Agent for Offer in Compromise Program