Offer in Compromise
The IRS Offer In compromise ("OIC") allows you to settle your tax debt for less than the full amount you owe. If you qualify, this option provides the most benefit as you settle for less than you owe and any liens are removed. The unique set of facts and circumstances the IRS considers are the ability to pay, assets income and expenses. This is a very intricate and complicated process that requires the unique knowledge of the professionals at Wolf Tax to get the best IRS tax resolution.
Patricia
Patricia is an incredible woman from Colorado who recently lost her husband, had a large tax bill and nowhere to turn. That is when she came to Wolf Tax and we filed an OIC for her. The IRS accepted an offer of $600 on a $35,000 balance.*
David
David is your regular Joe. He works hard and makes a decent living, but the IRS started harassing him and wanted him to pay more than he could afford. He called for help and we got him a deal where the IRS accepted $450 on his $48,000 tax debt.*
Jennifer
Jennifer is a struggling single mother of two who also had nowhere to turn and wanted nothing more than to have the IRS off of her back. Her only problem was that she had a car that had equity of $5,625 in it. We submitted an OIC to the IRS and they accepted $4,500 to settle 60k worth of tax debt.*
The Offer in Compromise program can help you settle your tax debt for pennies on the dollar. Research has found that program participants typically pay less than 20% of the original amount they owed to the IRS, and the full debt is forgiven upon payment. Instead of living in fear of having the IRS take your car or even your home to satisfy your tax debt, satisfy your debt for less with an Offer in Compromise.
If you're interested in settling your tax debt for less through the Offer in Compromise program, you need the help of an experienced tax attorney firm to negotiate on your behalf and navigate the process. Wolf Tax has years of experience negotiating debt down through an Offer in Compromise.
Contact us now so that we may learn about your situation and determine if an OIC is a possible solution for you and your family.