What to Expect After Submitting an Offer in Compromise
Completing the two necessary forms – the Form 656 (the actual Offer in Compromise) and the related Form 433-A (your personal financial information) is just the start of the offer process After you...
View ArticleWhat to Do If Your Offer Is Compromise Is Rejected
Ok, you did ever thing correct, as least as far as you know, and your Offer in Compromise (OIC) was still rejected. Now what happens? Legally the IRS has to give you a written explanation if your offer...
View ArticleOffer In Compromise – How Much Should I Offer?
Per the IRS regulations, the amount of an Offer in Compromise must be equal to the “realizable value” of your assets plus the amount of money the IRS could take from your future income. For example, if...
View ArticleDo I Qualify to File an Offer in Compromise?
Everyone wants to file an Offer in Compromise when they first hear about it, but unfortunately not everyone qualifies. Otherwise everyone would have their tax bill reduced or eliminated. To qualify for...
View ArticleCan I Appeal a Rejected Offer in Compromise?
If your Offer in Compromise is rejected you can do two things to appeal the decision. 1. You can formally appeal the rejected offer in compromise 2. You can call or write the person who signed...
View ArticleAn Offer in Compromise – Your Quickest Way to Settle Your Federal Tax Debt
Did you know the IRS has a method to settle your overdue taxes for pennies on the dollar? If you qualify for an “offer in compromise”, often referred to as an “offer” or an “OIC,” you could...
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