Fresh Start Tax LLC A Local South Florida Professional Tax Firm Since 1982 “A” Rated by the Better Business Bureau
Have former IRS Tax Settlement Agents for Offers in Compromise handle and settle your case for the lowest possible amount given by the Law.
Being former IRS Instructors we taught IRS Tax Law and Settlements at the IRS in the local, district and regional offices of the IRS. We have over 60 years of direct work experience with the Internal Revenue Service.
We have over 205 years of professional tax experience and have on staff Board Certified Tax Attorneys, CPAs and a host of other tax professionals.
If you want to know the process of how to settle, call us today for a free tax consult.
The IRS may accept an Offer in Compromise based on three grounds:
1. Doubt as to Collectibility – Doubt exists that the taxpayer could ever pay the full amount of tax liability owed within the remainder of the statutory period for collection.
2. Doubt as to Liability – A legitimate doubt exists that the assessed tax liability is correct. Possible reasons to submit a doubt as to liability offer include:
(1) the examiner made a mistake interpreting the law,
(2) the examiner failed to consider the taxpayer’s evidence or
(3) the taxpayer has new evidence.
3. Effective Tax Administration – There is no doubt that the tax is correct and there is potential to collect the full amount of the tax owed, but an exceptional circumstance exists that would allow the IRS to consider an OIC. To be eligible for compromise on this basis, a taxpayer must demonstrate that the collection of the tax would create an economic hardship or would be unfair and inequitable.