Offers in Compromise

Offers in Compromise

Right off the bat, let us be perfectly clear with you — We do not submit an Offer in Compromise unless we are 90% sure that it will be accepted by the IRS and take care of your problem with unfiled income taxes.

We do not waste our time or your money!

So what is an Offer in Compromise and how can it help you?
Your tax bill is huge. There is no way you can pay the IRS. You are in dire straits and you need tax relief from your IRS tax burden today.

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We can’t help until you contact us. Click here to fill out our simple
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IRS tax relief and resolution is one phone call away. Peter Stephan and the Tax Resolution Institute possess the precise expertise in tax resolution and the concrete expertise and experience with the IRS to help you.

As the expert who wrote the book on tax resolution, Peter Stephan teaches and trains the tax professionals about the problems you are facing today. After seeing Peter Stephan’s years of success with the IRS and his satisfied clients, such professionals demanded Peter Stephan’s time and pay generously to acquire his expertise. If you qualify for an Offer In Compromise with the IRS, Peter Stephan can make tax relief happen for you.

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To find out if you qualify for IRS tax relief, contact us today by calling 1 (877) TAX-8370 or use our contact form at right.

An Offer in Compromise is an out of court agreement between the IRS and you that resolves your IRS tax debt and unfiled income taxes. The Internal Revenue Service has the authority to settle tax debts when it is unlikely the taxpayer will ever be able to pay the liability in full. If the tax relief amount offered to the IRS reflects what you can pay in light of your assets and Income, then an Offer in Compromise can reduce your IRS debt and settle your unfiled income taxes in one fell swoop.

In the past, IRS research reveals the federal government collected on only 13 cents for every $1 owed on two-year-old debts and almost nothing on debts older than three years. As a direct result, the Offer in Compromise is a win-win outcome for both you and the IRS. The IRS realizes they will collect more on a tax debt with an Offer in Compromise than they would collect without such a workable deal. In addition, the taxpayer is more likely to stay in compliance when it comes to filing and paying future taxes as part of their condition of the Offer in Compromise agreement.

The Offer in Compromise program is older than the federal income tax, allowing tax collectors in the 1800s to compromise import/export tax liabilities. After the institution of the Federal income tax, the Offer in Compromise soon became an option for the individual taxpayer.

Presently, there are three accepted ways to compromise income tax liability under Federal law. If you do not believe you owe the tax, you can file an Offer in Compromise based on doubtful liability. If you do not have the capability to pay the outstanding tax debt, you can file an Offer in Compromise based on doubt as to collectibility, doubt as to liability or “effective tax administration. Since 1998, in rare cases, a taxpayer with unfiled income taxes also can seek to compromise the tax obligation on the basis that it is both good public policy and simply fair in light of the taxpayer’s economic condition. Such decisions also are considered to be effective tax administration

The IRS Offer in Compromise process involves completing the appropriate forms, having the necessary records on hand, being compliant with the IRS tax regulations, and filing the Offer in Compromise for review with the IRS. In truth, many taxpayers who file an IRS Offer in Compromise have their offers returned due to procedural problems and never make it to a point of final review. As a result, satisfying the bevy of procedural requirements is an absolute necessity if an Offer in Compromise is to be accepted by the IRS.
We guarantee that you will be able to meet these stringent requirements when you file for an IRS Offer in Compromise with the Tax Resolution Institute. We will not waste our time or your money in making an Offer in Compromise that will be rejected on account of procedural errors. We want your unfiled income tax problem to go away just as much as you do.

Free Consultation!
We can’t help until you contact us. Click here to fill out our simple
Tax Resolution form

We are experts in the guidelines and the boundaries the IRS sets for accepting an Offer in Compromise. Not everyone qualifies for an IRS Offer in Compromise because each individual’s financial situation is different. 
Before attempting an Offer in Compromise, we will make sure that you pre-qualify with the IRS.
If you qualify for an Offer in Compromise and meet the IRS criteria, our veteran Tax Experts at the Tax Resolution Institute will contact the IRS for you and negotiate your Offer in Compromise settlement. In the past, a vast majority of the Offers in Compromise submitted by Peter Stephan and the Tax Resolution institute have been accepted.

We have experienced tax resolution experts, both certified Public accountants and tax lawyers, to help negotiate an Offer in Compromise if you qualify for the program. The Offer in Compromise program is both complex and time-consuming, sometimes taking as little as six months and other times as long as two years. After the IRS completes its review, it decides either to reject or accept the Offer in Compromise.
If the local revenue officers — IRS agents whom we tend to know and have years of experience working with — feel the amount offered is inadequate, their calculations will lead to an alternative minimum offer amount. In effect, this is a counter-offer. Counter-offers are based upon the IRS’s ability to collect, not upon the amount due. When collecting, the Internal Revenue Service steps into the shoes of the taxpayer. Often, through years of developing trusted connections and relying on dependable experience, such determinations can be negotiated to your advantage.

When making the decision, the IRS examines a taxpayer’s past, current and future financial situation when evaluating an Offer in Compromise. The negotiations tend to center on the correct valuation of your assets, accurate information about your monthly income, and your basic living expenses.

Before you have to pay a levy based on this information, how much time will you have to put your accounts and finances in order? The IRS will withhold collection activity for the duration that the offer is in review and being processed. While the process is ongoing, you will be able to prepare for the eventual outcome.
Through years of experience and expertise, including knowledge of IRS administrative practices and policies, the Tax Resolution Institute has been able to settle cases for the lowest amounts possible. We have IRS manuals and agency documents on hand, specifically ones related to the Offer in Compromise rules and collection procedures. Such detailed information allows us to make the IRS follow the correct legal and administrative procedures.

We have the inner knowledge and negotiating skills, plus trusted contacts and connections within the agency that have been developed through years of first-hand experience. We know how to achieve a favorable tax settlement and an acceptable Offer in Compromise for you. Our inside knowledge of the IRS will help us negotiate the best possible settlement to ensure your future viability and do away with the threatening problem of unfiled income taxes.

If the Offer in Compromise is rejected, another form of IRS back tax resolution may be needed, such as an Installment Agreement, Currently Not Collectible status, or Full Pay Service. If the Offer in Compromise is accepted, a payment schedule is set, the settlement is paid and your tax resolution is accomplished.
You can rest assured that you can face the IRS with confidence when you have Peter Stephan and the Tax Resolution Institute on your side. Give us a call today and take the first step towards the true resolution of your tax problems and unfiled income taxes. We can tell you in detail whether an Offer in Compromise can be an effective solution to your tax burden. Our goal is to provide tax relief for you.

Free Consultation!
We can’t help until you contact us. Click here to fill out our simple
Tax Resolution form

Relief from your tax burden can be obtained now by calling us at 1 (877) TAX – 8370 or CONTACT US today for a free and confidential tax relief consultation.