Offer In Compromise Services
Settle Tax Debt for Less Than the Full Amount Owed
Dealing with tax debt can be overwhelming, especially when it has grown beyond what you can realistically pay back. Through an Offer in Compromise (OIC), eligible taxpayers can settle debt for less than the amount owed. At Priority Tax Relief, we offer a free consultation with our experts and the IRS via our Tax Help Hotline. We work on behalf of taxpayers to determine whether they qualify for OIC, build the strongest possible application, and negotiate directly with the IRS to reach a settlement that they can afford.
Our Offer in Compromise Services
We help taxpayers relieve tax debt through the following OIC services.
Reasonable Collection Potential (RCP) Calculation
Offer in Compromise Application Preparation
IRS Negotiation and OIC Case Management
We calculate RCP, which the IRS uses to decide what they expect to collect from you, to establish the lowest defensible offer amount
Our team helps prepare and submit all Offer in Compromise IRS forms and supporting financial documentation
Our team negotiates with the IRS on your behalf, monitors your case, tracks your settlement, and ensures you are in full compliance
How to Qualify for an Offer in Compromise
To qualify for an OIC, you must meet specific criteria and provide detailed financial information to the IRS. The key factors the IRS considers include:
- Ability to Pay: The IRS will review your income and assets to determine if you can pay the full amount.
- Income: Your current and future income potential is assessed.
- Expenses: Your necessary living expenses are considered to see if you can afford to pay the tax debt.
- Asset Equity: The IRS examines the equity in your assets, such as real estate, vehicles, and investments.
- Tax Compliance: You must have filed all required federal tax returns and be current with any estimated tax payments for the current year.
If the IRS determines that the amount offered is the most you can expect to collect within a reasonable period, you may accept the OIC.
Contact Priority Tax Relief at 888-708-2872 to learn more about Offer In Compromise and schedule a consultation.
Cancellation: Any cancellation of services must be made in writing and delivered to 400 S. Jefferson, Suite 100, Spokane, WA 99204 within three business days of the date of this agreement. If the client cancels services during this time, Company, reserves the right in its sole discretion to convert the agreed fee payment structure to an hourly one by which Client agrees to pay Company an hourly rate of five hundred fifty dollars an hour, entitling Client to a refund of up to fifty percent of all monies paid beyond the ten day money back guarantee in cases where no aggressive collection action is in place.