Accounting and Tax Services
Do you have a large balance due with the IRS? Having trouble figuring out how you will be able to pay your back-taxes? Do your liabilities exceed or nearly exceed your assets?
If the answer to any of the above questions is yes, then you may be a candidate for an "Offer In Compromise." In many cases, the IRS will accept less than the full amount due, particularly if your account is likely to become "uncollectible."
After a brief period of leniency in accepting offers in compromise, the IRS has begun to make it nearly impossible to receive the relief that you may be entitled to. There are substantial hurdles in keeping your offer "in process" up to the point where your offer is completed. Nearly all offers are rejected with a counter-offer from the IRS. Our advice is to get your offer into Appeals as soon as possible. This usually ends the seemingly endless investigation process and allows the possibility of a conclusion and acceptance.