If there is no way you could ever pay off the IRS during the remaining statute of limitation period, the IRS will allow, under certain conditions, a settlement for less than you owe. The IRS knows they have to be careful to not encourage taxpayers that file and full pay on time each year to try to pay less by not paying and filing an Offer in Compromise in Phoenix AZ. Our experience has been that taxpayers who file and full pay each year are much better off in their personal lives than those who qualify for an OIC. Phoenix AZ Offer in Compromise candidates have had some pretty amazing challenges that got them into trouble with the IRS. It just isn’t a tax protest mentality that qualified them—if that were the case the IRS would reject flat out an Offer in Compromise Phoenix AZ application.
The IRS will consider your OIC if there is doubt they can collect the full amount, or there is some doubt as to the amount owed, or it would impose an unusually difficult hardship on the Phoenix AZ taxpayer. Offers are usually granted to individuals or couples but they also can be filed by Corporations, Partnerships and Not for Profit Corporations.
If you are serious about filing an OIC and getting acceptance, you need professional assistance. Scott Allen E.A. has the experience to advise you on your OIC amount, paperwork and follow-up with the OIC group. Tax Debt Advisors offers a free consultation and can be reached for an appointment by calling 480-926-9300.
– Scott Allen – info@taxdebtadvisors.com