We are the affordable Experts.

As a former IRS agent revenue officer, I not only worked the offer in compromise program I was an instructor as well.

I know the system is well as anyone. I have overseen and overlooked hundreds and hundreds of offers in compromise and am a true expert in the matters of debt settlement with the Internal Revenue Service.

Our team a former IRS agents, managers and teaching instructors when formerly employed by Internal Revenue Service worked out of the South Florida IRS offices.

What you need to know about the offer in compromise.

Offers in Compromise

Under the first round of Fresh Start, the IRS expanded a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers. An offer-in-compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.

. The IRS recognizes that many taxpayers are still struggling to pay their bills so the agency has been working to put in place more common-sense changes to the OIC program to more closely reflect real-world situations.

The IRS has more flexibility with financial analysis for determining reasonable collection potential for distressed taxpayers.

Generally, an offer will not be accepted if the IRS believes that the liability can be paid in full as a lump sum or through a payment agreement.

The IRS looks at the taxpayer’s income and assets to make a determination regarding the taxpayer’s ability to pay.

PLEASE NOTE THE NEW IRS POLICY

Beginning with Offer applications received on or after March 27, 2017: The IRS will return any newly filed Offer in Compromise application if you have not filed all required tax returns. Any application fee included with the OIC will also be returned.

Any initial payment required with the returned application will be applied to reduce your balance due. This policy does not apply to current year tax returns if there is a valid extension on file.

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. Pennies on a dollar!

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 generally approve an offer in compromise when the amount offered represents the most we can expect to collect within a reasonable period of time.

Before IRS can 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.

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

Submit your offer

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. If your offer is accepted, you will receive written confirmation. Any remaining balance due on the offer is paid 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.

Low Income GUIDELINES

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,  OF THE OFFER IN COMPROMISE

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.

If your offer is accepted:

• You must meet all the Offer Terms listed in Section 8 of Form 656, including filing all required tax returns and making all payments;

• Any refunds due within the calendar year in which your offer is accepted will be applied to your tax debt;

• Federal tax liens are not released until your offer terms are satisfied; and

• Certain offer information is available for public review at designated IRS offices.
If your offer is rejected

• You may appeal a rejection within 30 days using Request for Appeal of Offer in Compromise, Form 13711 (PDF).

• The online self-help tool may provide additional assistance on appealing your rejected offer.

Call us today for a free initial tax consultation and we can tell you within minutes if you are eligible for the offer in compromise. we have worked thousands of cases.

We only take cases which we have an excellent chance of success.

We are true experts for the IRS offer in compromise, first start initiative.

IRS OFFER IN COMPROMISE + USE FORMER IRS AGENTS + WE KNOW THE SYSTEM +FT.LAUDERDALE, MIAMI, AVENTURA, BOCA RATON, SOUTH FLORIDA