Offer in Compromise
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An IRS Offer in Compromise (also known as an OIC) is an excellent way to receive IRS Tax Relief and Settle your IRS Tax Debt with the IRS for much LESS than what you currently owe.
Real IRS Tax Help Through an IRS Offer In Compromise.
Our latest information (7/2013) from the IRS is that an IRS Offer in Compromise is taking the IRS 9 to 12 months to process an Offer in Compromise once your Offer in Compromise is submitted.
OFFER IN COMPROMISE: GUIDELINES:
At least one of three conditions must be met to qualify a taxpayer for IRS Debt Relief consideration of an IRS Offer in Compromise (OIC) Tax Settlement:
Doubt as to Collectibility
Doubt as to Liability
Effective Tax Administration
Under Federal Tax Regulations;
The IRS will not execute an IRS Wage Levy / IRS Wage Garnishment while an Offer in Compromise (OIC) is under construction.
The IRS will not collect on tax liability that is the subject of the IRS Offer in compromise (OIC) during the period the Offer in Compromise(OIC) is pending and under review.
The IRS will not proceed with collections for 30 days immediately following the rejection of the IRS Offer in Compromise, and for any period when a timely filed appeal from the rejection is being considered by Appeals.
Please note that about 25% of all Offer in Compromise submissions are rejected simply because taxpayers fail to timely respond to the IRS’s requests for additional information. Our Tax Attorneys and Enrolled Agents will file a form 2848 (Power of Attorney) and get you a stay while we gather the necessary information to move your case forward.
Tax Help Hawaii will only prepare your IRS Offer in Compromise if you are Qualified and Eligible for Tax Relief help.