FAQ

What is an Offer in Compromise?
An offer in compromise is an agreement between the IRS and the taxpayer to resolve the taxpayer's liability for less than the full amount. The IRS has the authority to settle or compromise federal tax liabilities by accepting less than full payment under certain circumstances.

I am making installment payments - can I do an offer?
Yes! In some cases where hardship can be shown, the installment agreement can be stopped.

When an Offer in Compromise is accepted, then what?
When payment of the offered amount is paid, then your tax levies are released, and you can start life anew. You must stay current on all taxes for 5 years following, and some or all of your future refunds can be taken by the IRS.

How long does it take for an Offer in Compromise?
Generally 6 months to 1 year. However, during that time collection activities usually are suspended.

Will I have to see or speak to the IRS agent if you take my case?
NO! You will not need to see or speak to the IRS again. We will handle your case in its entirety. We will correspond and negotiate with the IRS for you.

Can I file bankruptcy and discharge my taxes?
Generally personal income taxes that are at least 3 years old, were assessed at least 240 days prior to bankruptcy filing, and voluntarily filed at least 2 years ago, can be discharged. The trust fund portion of business taxes is not dischargeable in bankruptcies.

I haven't filed returns for a number of years. Is it too late to get caught up and make a fresh start?
All tax returns must be filed to do either an Offer in Compromise or an Installment Agreement. We can file those back returns for you. If some of the information is missing, we can help with that also.

Is an Offer in Compromise best for me?
That depends on your situation, your assets and your ability to pay the debt in payments. That is why we offer a free consultation to assess your needs and to recommend what would be best for you in your particular situation.

What are your fees?
Our fees are a flat rate, which are discussed with you up front.

I am located in another state, can you still help me?
Yes! The IRS has offices all over and every office has the same guidelines. With today's instant communication; mail, phones, facsimiles, and e-mail, it has become relatively easy to accommodate clients who reside in other states. The IRS accepts an Offer in Compromise in only two centers; Tennessee and New York. The center to be utilized depends on the state you reside in.

If you have tax problems and need results quickly, call us today at 888-894-2005 or fill out our Tax Relief Form for a FREE Consultation, and worry no more.