Offer in Compromise

Offer in Compromise

What is an Offer in Compromise?

An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer’s tax liabilities for less than the full amount owed.

The OIC is the essence of fresh start. Once an offer is accepted and paid the taxpayer is then current with all their tax liabilities and can move on with their life.

Generally, the IRS does not accept an OIC if they believe the liability can be paid in full as a lump sum or through a payment agreement. The IRS will look at the your income and assets to make a determination of your reasonable collection potential.

At Trusted Tax Resolution we specialize in IRS Debt Relief and are able to determine your eligibility for the OIC program. Many times through proper planning strategies we are able to help you become qualified even if you initially didn’t qualify.

The Offer in Compromise program is a very complicated program. Your best chance of success is to hire a local expert to walk you through the process.

Unlike most other Philadelphia Area tax firms we specialize in Tax Resolution.

You’re not hiring someone who occasionally dabbles in this area of practice. You’re hiring someone who is up to date on all the latest tax debt relief strategies and who is prepared to achieve the best result for you.

If you were going through a divorce would you hire a bankruptcy attorney? Of course not, it’s a different specialty! Don’t trust just any accountant to help with a tax problem.

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1016 Mill Creek Dr,
Feasterville-Trevose, PA 19053

(215) 316-3437

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