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Offer in Compromise - IRS Settlements - IRS Tax Attorney

An Offer In Compromise is an IRS tax settlement, where the government, through the IRS, takes less than what is owed on an income tax debt as satisfaction for your entire income tax debt. With the IRS and many states, sometimes these income taxes can be settled for a fraction of a penny of what is owed.

Not everyone qualifies, but this is the main sales pitch you will hear on the radio and on TV from various tax relief firms.

TV ADS ARE NOT FREE. SALES PEOPLE EARN COMMISSIONS ON THE FEES YOUR ARE CHARGED.

Many firms charge ABSURDLY high fees and then instead of a successful Offer in Compromise settlement, you end up in an IRS payment plan.

FLAT FEE TAX SERVICE, INC. LOW FEES PAID OVER 11 MONTHS.

FLAT FEE TAX SERVICE, INC. CLIENTS HAVE A 95% OFFER IN COMPROMISE SUCCESS RATE.

FLAT FEE TAX SERVICE, INC. IS ACCREDITED BY THE BETTER BUSINESS BUREAU - A PLUS RATING.

FLAT FEE TAX SERVICE, INC. HAS NO CLIENT COMPLAINTS.

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If you are qualified and eligible for an Offer in Compromise, you will know it during our initial consultation. If an Offer in Compromise settlement can be had, Flat Fee Tax Service, Inc. will get you the best possible IRS result. If you cannot get an IRS settlement, the best IRS help team at Flat Fee Tax Service, Inc. will tell you why you are not eligible and qualified to settle your IRS income tax debt and what your best alternative options are.

You should submit your Offer In Compromise settlement before your case goes to collections with the IRS. If it already is in collections, the collections department should be contacted prior to submission. Many tax relief firms just submit the offer without contracting collections first. This can unfortunately lead to you being garnished while the IRS settlement is pending, as its up the IRS Offer In Compromise department to determine whether or not to release existing IRS wage levies / IRS bank levies (IRS garnishments). If you are not sure if your case is in collections, see our IRS letters guide.

KNOW THIS: AN IRS OFFER IN COMPROMISE TAKES APPROXIMATELY 10 TO 12 MONTHS TO COMPLETE.

YOU REALLY SHOULD HAVE AN EXPERIENCED IRS TAX ATTORNEY WHO HAS A SUCCESSFUL RECORD OBTAINING IRS SETTLEMENTS.

Plan For Your IRS Success

When you have an income tax debt, you need a strategy, a plan to achieve success. Contact the best IRS tax help team at Flat Fee Tax Service, Inc. and find out what kind of plan is right for you.

The IRS will receive approximately 80,000 IRS Offer in Compromise requests every year. The IRS only utilizes 2 IRS locations to handle these 80,000 settlement requests. The first part of the process has the IRS looking for mistakes in the paperwork. The IRS is looking for an "I" not dotted, a "t" not crossed. The IRS wants to send your Offer in Compromise back to you and call your settlement submission "unprocessible". This is a five month process.

After it gets past this "gauntlet", your Offer in Compromise will be sent to an IRS "Examiner" who will determine the validity of your settlement request. Once again, this will be a five month process.

With the IRS there are three types of Offers In Compromise: Doubt as to Collectability, Doubt as to Liability and Effective Tax Administration. Doubt as to Collectability represents the vast majority of Offers that are accepted by the IRS. Doubt as to Liability Offers are rarely accepted.

Doubt as to Collectability is the only one you need to be interested in.

In order to qualify for this type of IRS settlement, the following typically needs to apply:

1. 80% of the value of your assets do not exceed the total amount of tax due.

2. At the end of the month, you do not have much left over income in comparison to your allowable expenses.

3. You did not incur the tax debt from cashing out a retirement account and not paying the taxes on it.

4. You did not get some other type of capital gains that you did not pay the taxes on.

These are the basic rules, but of course there are exceptions and special circumstances. #3 and #4 are called “dissipated assets” and sometimes the IRS will accept a settlement for these types of debts when the debt is more than 3 years old, but this is case by case. Some of these rules are bendable as far as assets as well. We have had some Offers accepted where the client had their home completely paid off and sometimes this requires an appeal and an explanation of why the IRS should consider the settlement.

Doubt as to Liability

These types of Offers are essentially requests to the IRS that it would be unjust to hold you liable for the tax debt. An example for this would be you were assessed a payroll debt from a business but really you had nothing to do with payroll taxes while you were associated with that business. These are hard to get, so the case must be strong.

Do You Qualify for an Offer In Compromise?

Let one of our expert income tax relief attorneys give you a free evaluation.

CALL THE BEST IRS HELP TEAM AT FLAT FEE TAX SERVICE, INC. FOR YOUR FREE AND CONFIDENTIAL CONSULTATION.

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Flat Fee Tax Service

3200 4th Ave., Suite 208,

San Diego, CA 92103

Phone. 800-589-3078

Email. info@flatfeetaxservice.us