{"id":3093,"date":"2013-05-24T16:28:06","date_gmt":"2013-05-24T16:28:06","guid":{"rendered":"http:\/\/www.taxdebtadvisors.com\/blog\/?p=3093"},"modified":"2022-09-30T22:08:31","modified_gmt":"2022-09-30T22:08:31","slug":"tax-debt-advisors-help-what-is-an-offer-in-compromise","status":"publish","type":"post","link":"https:\/\/taxdebtadvisors.com\/blog\/tax-debt-advisors-help-what-is-an-offer-in-compromise\/","title":{"rendered":"Tax Debt Advisors help\u2014What is an Offer in Compromise?"},"content":{"rendered":"<h1>Tempe AZ IRS Offer in Compromise<\/h1>\n<div id=\"_mcePaste\">An Offer in Compromise (OIC) is an offer to pay less than what you owe to the IRS and receive a complete settlement of all past tax debts, including interest and penalties. \u00a0The OIC program is only one of several ways to settle your Tempe AZ tax debt for less than what you owe. \u00a0IRS Form 656 and <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/f433aoi.pdf\">Form 433-A<\/a> are the OIC accepted forms for individuals. \u00a0IRS Form 433-A Worksheet calculates the amount that needs to be offered. \u00a0The terms and conditions of the OIC include filing and paying on time your taxes for the next five years. \u00a0If you cannot file your individual tax return (1040) by April 15, you must request an automatic extension and file and full pay by the extension deadline. \u00a0The IRS approves only a small percentage of the offers submitted. \u00a0In 2004 only 16% of the OIC\u2019s were accepted. \u00a0In 2010 the percentage was 24%.<\/div>\n<p>It is a big mistake to file an OIC unless you are fairly certain you will have acceptance. \u00a0Interest and penalties continue to accrue as well as the statute of limitations. \u00a0If it takes the IRS 2 years to reject you OIC, you will come out of the process in much worse shape than when you submitted your OIC.<\/p>\n<div id=\"_mcePaste\">Tax Debt Advisors is next doors to Tempe AZ and has the experience to properly calculate and submit an OIC with a high degree of success. \u00a0Tax Debt Advisors has been assisting clients on Tempe AZ IRS problems for over 45 years.<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tempe AZ IRS Offer in Compromise An Offer in Compromise (OIC) is an offer to pay less than what you owe to the IRS and receive a complete settlement of all past tax debts, including interest and penalties. \u00a0The OIC program is only one of several ways to settle your Tempe AZ tax debt for [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,26,41,70],"tags":[57,102],"_links":{"self":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/3093"}],"collection":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/comments?post=3093"}],"version-history":[{"count":2,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/3093\/revisions"}],"predecessor-version":[{"id":7574,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/posts\/3093\/revisions\/7574"}],"wp:attachment":[{"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/media?parent=3093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/categories?post=3093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/taxdebtadvisors.com\/blog\/wp-json\/wp\/v2\/tags?post=3093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}