Tax Debt Advisors, Inc.—Offer in Compromise Facts

Avondale AZ IRS Offer in Compromise Facts

An Offer in Compromise (OIC) allows Avondale AZ taxpayers to settle their tax debt including interest and penalties for less than the amount owed under certain circumstances.  If there is no way you are going to pay the tax debt owed or the IRS liability creates a financial hardship the IRS will consider a lower payback amount.  The IRS takes into consideration your ability to pay, your income and necessary living expenses and any equity you have in assets.

The IRS must be convinced that the government is better off accepting a lower amount than trying to collect the full debt over the remaining statute of limitations.  Not everyone in Avondale AZ qualifies for an OIC or the OIC amount is higher than what the taxpayer can afford.  All taxpayers should consider all other available settlement options before selecting an OIC.

Scott Allen E.A. of Tax Debt Advisors, Inc. has been representing taxpayers before the IRS on all settlement options including OIC.  If you are interested in a free consultation, call 480-926-9300 to schedule an appointment.