IRS Offers in Compromise
Our Connecticut Tax Attorney Explains
An IRS offer in compromise (OIC) can be a good tax relief option. This
offer can allow you to settle your tax liability for less than the original
amount you owe. This is especially helpful for people who have low incomes
and few assets. There are 3 ways to negotiate an offer in compromise with
the IRS. They include:
Doubt of Collectability: Taxpayer is not able to pay the full tax debt.
Doubt of Liability: Taxpayer asserts that they do not owe the debt.
Effective Tax Administration: In fairness, the amount of the tax liability owed must be compromised,
even if the taxpayer can pay the liability in full. Effective tax administration
is the least used negotiation and is rarely accepted.
Speak with our lawyer to find out which negotiation method best suits your
Negotiating an IRS offer in compromise can be a complicated process. OICs
involve various kinds of paperwork and forms that must be gathered and
completed in detail. Missing a minor detail or failing to meet a deadline
can result in your compromise being refused by the IRS. This is why it
is important to secure strong, experienced legal representation. You should
hire an attorney who is familiar with tax law and IRS offers in compromise.
Attorney Roderick D. Woods can help you get through the OIC process.
Call (888) 272-2718 to Speak with Us Today
If you are looking for skilled and reliable legal guidance to address large
amounts of debt, you should immediately get in touch with The Woods Law
Firm, LLC. Our team has been aggressively representing clients throughout
Connecticut since 2007. Our lawyer, Roderick D. Woods personally handles
each and every case we take on.
Contact our Connecticut tax attorney
to get started on your free consultation today.