An offer in compromise is an attractive option for those who owe money to the IRS because it allows them to pay less taxes than they actually owe. However, the government does not readily grant this repayment plan to everyone. Taxpayers must meet strict income and expense requirements. But proving your financial hardship takes more than simple accounting. Many times, individuals who try to navigate IRS negotiations on their own fail to secure the offer because they simply did not understand how to properly apply tax codes and regulations.
In order to have a fighting chance for an offer in compromise, you need to work with a tax attorney.
At Tausk & Vega, our lawyers understand what evidence is needed to convince the IRS that full repayment is not possible. We are highly skilled in assessing the complex financial positions of our clients and use our in-depth knowledge of tax codes to create sophisticated legal arguments.
There are many agencies out there who will promise to secure “pennies on the dollar” repayments for you. This is just not realistic. When you work with our law firm, we will provide you with honest feedback on the likelihood your offer will be accepted as well as a realistic repayment amount. If an offer in compromise is not the right solution for you, we will help you assess a range of additional repayment options.
Did You Know?
While your offer in compromise proposal is being reviewed by the IRS, all collection efforts are placed on hold.
Due to recent changes in the offer in compromise program, more people have access to this repayment option than ever before. But there are still challenges to be overcome.
The first response of the IRS is almost always “you can afford to pay all of your tax debts.” When you work with our law firm, we will fight to prove that you cannot.Contact our Texas offer in compromise lawyers to learn more.
Spanish And Russian Translations Available