Offers in Compromise
An offer in compromise allows you to settle your IRS tax debt for less than the full amount you owe. It may be a option if you can't pay your full tax liability, or doing so creates a financial hardship. The IRS will consider your unique set of facts and circumstances including:
- Ability to pay
- Expenses and
- Asset equity
The IRS may approve an offer in compromise when the amount offered represents the most they can expect to collect within a reasonable period of time.
Our office will first determine if you are eligible to make an offer in compromise, and if you meet eligibility requirements, we will devise the best compromise offer after fully examining your income, assets, and current allowable expenses.
Call us to discuss your "Offers in Compromise" options.
Our number is 512 371-3900. We look forward to speaking with you.