With an Offer in Compromise, You May Be Able to Pay Less Than You Owe.

An Offer in Compromise is as close as you can get to tax debt forgiveness. At Tax Assistance Group, our experienced tax specialists can help you navigate the lengthy application process and increase your chances of receiving the relief you need.

What is an Offer in Compromise?

An Offer in Compromise is a formal resolution with the IRS that allows you to satisfy your tax debt for a reduced amount. This is a great option if you are unable to pay your balance in full or, if doing so, would create a financial hardship.

IRS Offer in Compromise Requirements

Before you can apply for an Offer in Compromise, all required tax returns must be filed. If you have unfiled returns, your application will be returned and not considered. The IRS will review the following when considering your OIC request:

• Ability to pay
• Income
• Expenses
• Asset equity

If they believe the amount offered represents the most they can expect to collect from you, they will typically approve your application. An IRS Offer in Compromise, however, is not for every taxpayer. We strongly recommend working with a licensed tax professional who can help you put together a strong application and increase your odds of acceptance.