Who Gets Accepted for an Offer In Compromise?
The Offer In Compromise program is designed for taxpayers that meet very specific criteria, and is only approved if the IRS believes that it is in its best interest of collecting current and future tax payments from the taxpayer. Some examples of criteria that must be met for consideration of an OIC settlement are:
Doubt as to Liability - showing reason why the tax liability may be incorrect
Doubt as to Collectibility - showing that the tax debt may be uncollectable, ever
Special Extenuating Circumstances - for elderly, disabled, or exceptional cases
A tax resolution professional is paid to know who qualifies and who doesn't, as well as writing an Offer In Compromise that will likely get accepted by the IRS. If you are considering this solution, you should consult with a tax professional who is experienced at OIC's and is willing to publish their success rate of approval.
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