Is it easy to get the IRS to agree to an offer in compromise? The IRS is not in the business of settling tax debt for pennies on the dollar. In fact, the idea promoted on the TV and radio that it is easy to complete an IRS offer in compromise is simply false.
The IRS provides a calculator that tells you what an acceptable offer would be. Most taxpayers should start there. The calculator provides a living allowance that is obviously not based upon California, and many local taxpayers simply cannot afford the amount the IRS demands. Unfortunately, if you owe more than $10,000 it will take a substantial case to convince the IRS to settle your account. No, it is not easy to get the IRS to agree to an offer in compromise.
Has the IRS already begun to levy your accounts and garnish your wages? The experienced tax attorneys at Allen Barron work to put a stop to IRS collections, and help you to work through the process to develop a strategy to relieve you of the oppressive burden placed upon your budget by the IRS. There are two primary reasons the IRS will consider an offer in compromise – there is a mistake or error in their calculations of what you owe, or there is no way for the IRS to collect what you owe prior to the statute of limitations in your case.
If you owe more than $10,000 to the IRS, we are usually able to find errors in IRS calculations or assertions and challenge the amount that is actually owed. The IRS is familiar with Allen Barron based upon our years of work on audits, collections and other IRS matters. We have earned additional credibility that a taxpayer simply does not possess. We understand the metrics that the agency uses to analyze an IRS offer in compromise, and can help to structure the supporting documentation to increase the likelihood of success.
If you owe more than $10,000 to the IRS we will work to get the IRS to agree to an offer in compromise. We invite you to contact Allen Barron or call today to schedule a free consultation at 866-631-3470.