IRS Tax Relief Associates Explains the Types of Offer in Compromise Programs

SAN DIEGO, Feb. 27, 2018 -- Many people qualify for an IRS Offer in Compromise settlements. Assuming that you do qualify for an Offer in Compromise it would probably be in your interest to pursue this type of resolution of your IRS tax debt.

IRS Tax Relief Associates Explains the Types of Offer in Compromise Programs

There are three types of Offer in Compromises. (1) The IRS will accept an Offer in Compromise based on "Doubts as to liability". This means that if it can be demonstrated that you don't really owe the taxes that the IRS claims you owe then the IRS will absolve the tax debt. (2) The IRS will accept an Offer in Compromise based on "Doubts as to collectability". This basically means that you can demonstrate to the IRS that they cannot expect you to be able to pay the full debt within the next five years. (3) The IRS will sometimes accept Offer in Compromise based on "the tax administration clause". This generally means that the taxpayer has sufficient assets to pay the existing debt, however if he/she does not pay the full debt it would create a hardship for the taxpayer.

In most cases the IRS allows taxpayers to take advantage of the Offer in Compromise program so they can collect at least a portion of what is owed and be reasonably assured of collecting the full amount of annual tax debts in the future. One of IRS' criteria for accepting an Offer in Compromise is that the taxpayer agrees to file and pay all taxes on time during the next five years. In other words if you can discipline yourself to file and pay your taxes on time for the next five years then an Offer in Compromise would be your best option.

The first step would be to find out if you qualify for an IRS Offer in Compromise Help. This is easy. Call (833)827-2728 and ask for a Tax Relief Agent.

The tax relief agent will guide you through a free consultation. At the conclusion of the consultation, which generally takes ten to fifteen minutes, the tax relief agent will tell you whether or not you qualify for an Offer in Compromise and provide you with the ballpark estimates as to how much you can expect the IRS to accept in lieu of the current amount you owe. The tax relief agent will also provide you with an affordable quote for the representation services and tax resolution work necessary for you to receive an Offer in Compromise settlement.

Our services include having an enrolled agent assume power of attorney over your personal dealings with the IRS. This means that you will have to sign Form 2848, which would give IRS Tax Relief Associates the authority to speak to the IRS agents about anything pertinent to you and your tax debt. The Form 2848 is specific to the IRS and does not give IRS Tax Relief Associates power of attorney over any other aspect of your life, such as banking and business affairs.

Author: Joshua Van Horn
Organization: Tax Relief Associates, LLC
Address: 4231 Balboa Ave, San Diego, CA 92117
Phone: 1-833-827-2728

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