Tax Attorney for Offer in Compromise
An OIC lets you settle for less than you owe. An attorney makes sure the application is done right the first time.
The IRS accepts about 30-40% of Offers in Compromise. The acceptance rate for professionally prepared OICs is significantly higher. The difference is knowing the formula, presenting your financials correctly, and making the legal arguments that support a lower offer amount.
An attorney adds three things to the OIC process: legal analysis of asset valuations and allowable expenses, the ability to appeal a rejection, and strategic positioning that accounts for the collection statute, your income trajectory, and alternative resolution paths.
When an OIC Makes Sense
An OIC is worth pursuing when the settlement amount is significantly less than what you'd pay through an installment agreement over the remaining collection period. If the math doesn't work, a good attorney tells you and recommends a better option.
Want to know if an OIC is realistic for your situation? Let me run the numbers.
32 years of IRS experience. Free consultation. I will tell you exactly where you stand and what your options are.
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