Resources:
Tax Education: Offer In Compromise
An Offer in Compromise is a means of settling your tax
debt for less than what you owe. Avantri Laws tax lawyer
has extensive experience with
Offers in Compromise.
The IRS will accept an
Offer in Compromise when the tax liability is unlikely to be
paid and the offer represents a good deal for the IRS.
Alternatively, an Offer in Compromise is method of attacking
a tax debt when the taxpayer does not owe the tax.
Offers in Compromise can result in
taxpayers settling their tax debts for pennies on the dollar.
Once the Offers in Compromise has
been accepted for processing by the IRS, the IRS will not continue
with its enforced collection activities. No more wage
garnishment or bank account levies while the offer is
being reviewed by the IRS!
If the Offer in Compromise is based
on the taxpayers inability to pay, the IRS will take into
account the taxpayers income and the value of most of
the taxpayers assets realized in a quick sale. To compute the value of the offer,
you must take into consideration the IRS view of what
are the necessary costs of housing, transportation, food,
clothing, childcare, and
healthcare. Avantri Law has access to the
statutes, cases, IRS rulings, and internal revenue manuals
that the IRS uses in analyzing offers.
Beware that there are many mills on
the Internet cranking out Offers in Compromises that have
little or no chance of being accepted by the IRS. These
companies are not operated by tax lawyers. They are mills that
simply take your money for a useless service. In fact, the IRS
is now warning people to beware of these operators. At Avantri
we stand behind our service and advice because of the
level of education and experience we can provide for you.
IRS
Consumer Alert About Offer-in-Compromise Promoters
Reduced Fee Analysis
For a reduced fee, Avantri
will review your situation and tell you whether you are
candidate for an Offer in Compromise. You do have not have
to hire Avantri Law to complete your Offer in Compromise.
This way you can avoid paying high fees without knowing whether
of Offer in Compromise is a
good idea. Call us for more information.
Recent Update:
The Viability of the IRS
Offer in Compromise Program has Been Reduced.
Please be aware that the
IRS Offer in Compromise program has been changed for the worse. The IRS
is rejecting nearly 100% of all offers based on doubt as to collectability. Further, new rules require a 20% non-refundable
deposit when submitting an Offer in Compromise based on doubt as
to collectability. We are still getting Offers accepted by the IRS
but only on appeal and only for perfect candidates. We are
refusing to do offers for many clients asking for them. They simply do
not qualify. This is an unfortunate development, but one
that is consistent with recent IRS tax collection policy.
For more information contact
us at taxhelp@taxdefendant.com
or
Toll Free 866-216-1930
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