If you owe the IRS, you may be able to settle the debt for less than the amount you owe. There are different types of offer in compromises and depending on your individual circumstances you may or may not qualify. If you are in collections with the IRS, we will review your situation to see if you qualify for an offer in compromise. We review all your options and determine which is the best route to solve your tax issue based on the amount of liability, the age of the liability, whether the liability is accurate, and take into consideration your finances and your priorities. It is part of the quality and individualized service you receive from our law firm.
You will hear tax resolution companies shouting that they can settle your tax liability for “pennies on the dollar.” They are talking about the offer in compromise program. Unfortunately, many of them over promise and under deliver and provide cookie-cutter service. Not everyone can qualify for an offer in compromise. At Orlando Tax Law, we will review all your options and be honest with you as to what options you have available. When we do think you qualify for an offer in compromise, we will personalize the application package to your situation giving it the best chance for success and represent you throughout the entire process.
To learn more about whether you qualify for an offer in compromise and how much you may be required to offer, contact Orlando Tax Law today. We serve residents of Orlando and the surrounding areas, but also have helped clients all over Florida and the USA resolve their tax debts.
Attorney Charlotte Erdmann has taught continuing legal education courses on this topic to other tax attorneys and has had great success with this program with her clients. You can read about our results with this program here.