Offer in Compromise
Resolve Your Tax Debt for Less with an IRS Offer in Compromise
Struggling with overwhelming tax debt? An IRS Offer in Compromise (OIC) could be the solution you need to settle your tax liabilities for less than the full amount owed. At Dayes Law Firm, our skilled tax attorneys have extensive experience in negotiating OICs, helping clients achieve financial relief and peace of mind.
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Why Choose Us?
Experienced Tax Professionals: Our team comprises seasoned tax attorneys who specialize in IRS negotiations. We have a deep understanding of tax laws and a proven track record of successfully securing OICs for our clients.
Tailored Solutions: We recognize that every financial situation is unique. Our approach is customized to your specific circumstances, ensuring we develop a compelling case for your OIC application.
Comprehensive Support: From the initial assessment to the final resolution, we guide you through every step of the OIC process. We handle all the paperwork, negotiations, and follow-ups with the IRS, making the process as smooth and stress-free as possible.
Successful Outcomes: Our dedication to excellence and client satisfaction drives us to deliver results. We are committed to achieving the best possible outcomes for our clients, reducing their tax burdens and helping them regain financial stability.
What is an IRS Offer in Compromise?
An IRS Offer in Compromise allows taxpayers to settle their tax debt for less than the full amount owed if they can demonstrate that paying the full amount would cause financial hardship. The IRS considers factors such as income, expenses, asset equity, and ability to pay when evaluating OIC applications.
Our IRS Offer in Compromise Services
Initial Consultation and Assessment: We start with a detailed review of your financial situation to determine if you qualify for an OIC and to develop a strategic plan.
Document Preparation: Our attorneys assist in gathering and preparing all necessary documentation to support your OIC application, ensuring accuracy and completeness.
Negotiation with the IRS: We represent you in all communications and negotiations with the IRS, presenting a compelling case for why your offer should be accepted.
Ongoing Support: Throughout the process, we provide continuous updates and guidance, ensuring you remain informed and confident in the steps we are taking on your behalf.
How Dayes Law Firm Can Help with Tax Resolution
Tax attorneys are highly trained professionals with specialized knowledge of tax laws and regulations, and our team of tax professionals is top-notch. We can provide valuable assistance in resolving various tax problems, and our team is especially adept at dealing with more complex and detailed tax resolution and compliance matters. We specialize in back tax resolution and compliance matters, as well as income tax.
Our tax attorneys can represent clients during IRS audits, help negotiate settlements, appeal tax court decisions, help taxpayers obtain the release of liens and levies, work with clients on tax planning and compliance to avoid future tax issues, offer in compromise, and so much more.
Dayes Law Firm prides itself on delivering customized, inventive, and affordable tax resolution solutions. We are particularly committed to a client-centric service model to offer you the most effective service for your specific circumstances and have a wealth of knowledge when it comes to resolving many tax concerns thanks to our years of experience in this area of law and tax compliance. We’ve seen it all, and we can provide expert guidance, counsel, and representation to help.
Our firm is nationally recognized in tax law for our commitment to our clients and exceptional customer service in providing tax attorney services. We can offer outstanding tax resolution recommendations for your personal tax situation, and we provide free tax relief consultations to individuals and businesses nationwide.
Please call us today to learn more. Dayes Law Firm offers a free, no-obligation consultation to discuss your particular income tax, and we are more than happy to discuss how we may be able to help you during this initial evolution. Contact our lawyers team today to get started!
Questions? Dayes Law Firm Has The Answers
An IRS Offer in Compromise is a program that allows qualifying taxpayers to settle their tax debt for less than the full amount owed. It provides a fresh start for taxpayers who are unable to pay their tax liabilities in full.
Eligibility for an IRS Offer in Compromise is based on the taxpayer’s ability to pay, income, expenses, asset equity, and overall financial situation. Taxpayers must demonstrate that they are unable to pay the full amount of their tax debt through installment agreements or other means.
Taxpayers can apply for an IRS Offer in Compromise by completing and submitting Form 656, Offer in Compromise, along with supporting documentation and the required application fee or request for a waiver.
When applying for an IRS Offer in Compromise, taxpayers need to provide detailed financial information, including income, expenses, assets, liabilities, and supporting documentation. This may include bank statements, pay stubs, tax returns, and other relevant financial records.
Yes, there are fees associated with applying for an IRS Offer in Compromise. Taxpayers must pay an application fee along with their offer, although low-income taxpayers may qualify for a waiver of the fee.
After submitting an application for an IRS Offer in Compromise, the IRS will review the offer and evaluate the taxpayer’s financial situation. This process may involve requesting additional information or documentation from the taxpayer.
The processing time for an IRS Offer in Compromise varies depending on various factors, including the complexity of the case, the accuracy of the information provided, and the workload of the IRS. Generally, it can take several months to over a year to receive a decision.
Yes, if the IRS rejects an Offer in Compromise, taxpayers have the right to appeal the decision within 30 days of receiving the rejection letter. The appeal process involves submitting additional information or documentation to support the offer.
If a taxpayer defaults on an accepted Offer in Compromise, the IRS may reinstate the original tax debt, including penalties and interest. It’s crucial for taxpayers to comply with the terms of their accepted offers to avoid default.
