What is an Offer in Compromise? | Flat Fee Tax Service

Offer in Compromise – Tax Settlement – Settle with the IRS for Less

The IRS has a tax settlement program known as an Offer in Compromise (OIC) which provides financially distressed taxpayers an opportunity to settle their tax debts, including interest and penalties, for a lump sum which is less than the total amount of your tax debt. Some tax debt companies advertise (usually on late night cable tv) this as if it is a brand new or limited time program. In fact an Offer in Compromise has been around since the 1954 version of the Internal Revenue Code. It is true, however, that over the years the IRS has, at least based upon its official guidelines, become more lenient. Nevertheless, except for cases where the taxpayer is truly and irreparably broke, it will require expertise and hard work to convince the IRS that an Offer in Compromise is the appropriate tax settlement solution.

The amount of the Offer in Compromise will vary depending upon your income, assets, liabilities, and future income prospects. Current IRS guidelines allow for the tax settlement to be paid in several installments over a period as long as two years, however, the total payments are higher for a lump sum Offer in Compromise. Many Flat Fee Tax Service clients have paid $100 to $500 to settle with the IRS.

A TAXPAYER DOES NOT NEED TO BE “DESTITUTE” TO QUALIFY TO ACHIEVE A SUCCESSFUL OFFER IN COMPROMISE.

One fact which some tax resolution companies fail to properly explain to new clients it that if the entire amount of the tax, plus accrued interest and penalties can be paid over the remaining life of the collection statute of limitations, the IRS will not consider accepting the Offer in Compromise. This results in a very strange phenomenon. In some situations, the more you owe, the more likely it is that the IRS will accept an Offer in Compromise.

CURRENTLY THE IRS HAS BEEN APPROVING APPROXIMATELY 42% OF THE

OFFER IN COMPROMISE SUBMISSIONS.

FLAT FEE TAX SERVICE CLIENTS HAVE A

96% TAX SETTLEMENT SUCCESS RATE

Our tax lawyers have found that the negotiation of an Offer in Compromise (OIC) is a lengthy process usually takes 10 to 12 month to complete. While the IRS is processing the Offer in Compromise submission, the IRS must leave you alone. If the IRS fails to reject or accept the Offer in Compromise during a two-year period, the tax settlement will be deemed to be accepted. During the time the OIC is pending, the IRS will not require any payments on old taxes. However, during the time an OIC is pending, you must pay all of your current taxes as they become due, including any quarterly estimated income tax payments and federal payroll tax deposits. If you fail to do so, the IRS will immediately reject your OIC and you will not be entitled to any appeal rights. Furthermore, your deposit, discussed below, will be applied to your taxes and if you wish to make a new Offer in Compromise, you will need to make an additional deposit.

At the time the Offer in Compromise is filed, a deposit must be submitted. The amount of the deposit is 20% of the amount offered for a “lump sum” Offer in Compromise. For a “periodic payment” Offer in Compromise, you must include the first proposed installment with the IRS settlement offer. While a periodic payment OIC is being evaluated by the agency, you must make subsequent proposed installment payments as they become due. If the OIC is rejected, withdrawn, or returned, the IRS keeps any deposits made and applies them to the back taxes you owe. There is also a filing fee for an Offer in Compromise. As of 2016, the filing fee was $186.

If the Offer in Compromise is accepted, you must file and pay all taxes (including any estimated taxes and federal tax deposits) for a period of five years following the acceptance of the OIC. You are going to be required to “be good” for five (5) straight years. If you fail to file your If you breach this or any other term of the OIC, the IRS may immediately proceed against you to collect the entire amount of the original tax liability including interest and penalties, less any payments already received under the terms of the Offer in Compromise, with interest on the unpaid balance accruing from the date of default. An accepted IRS settlement may also be revoked if the IRS determines that there has been a falsification of concealment of assets, or a mutual mistake of a material fact sufficient to cause a contract to be reformed or set aside. In the event your OIC is accepted, a record of the amount of the taxes due and the amount accepted will be available for public inspection for a period of one year at the local IRS office.

The mere act of submitting the Offer in Compromise will extend the time the IRS has to collect the overdue taxes from you for a period of one year, plus the time that the IRS is considering your OIC. This means that if your Offer in Compromise is rejected, the time it took from beginning to to rejection will be added to the Statute of Limitations. Submitting the offer may also delay the earliest time in which you could discharge your taxes bankruptcy. Until the OIC is accepted, interest and penalties continue to accrue on the outstanding balance due. Any refunds owed to you by the Internal Revenue Service for tax years before the end of the calendar year during which the OIC is accepted will be kept by the IRS. Upon acceptance of the OIC, you will give up all rights to dispute the correctness of the tax for any of the years compromised.

THE IRS WANTS TO ACCOMPLISH TWO (2) THINGS: COLLECT MONEY AND CLOSE FILES. AN OFFER IN COMPROMISE ACCOMPLISHES BOTH OF THESE GOALS. THE IRS WILL HAVE COLLECTED “SOMETHING” AND THE FILE IS CLOSED. SO, IF IT CAN BE SHOWN THAT YOU CANNOT PAY YOUR TAX DEBT WITHIN THE STATUTE OF LIMITATIONS, THE IRS HAS AN INCENTIVE TO APPROVE THE TAX SETTLEMENT.

I am Dave Rosa. It is my duty and pleasure to provide you with a comprehensive and free consultation. my conversation with you will take 20 to 30 minutes. You can be assured that at the end of our conversation, you will know if you should do an Offer in Compromise or not.

We have have been doing successful Offer in Compromise submissions for the past twenty years. Our tax professionals will get you through this settlement process successfully.

FLAT FEE TAX SERVICE – 1-866-747-7435

GOOD PEOPLE – DOING GREAT WORK – HONEST TAX RELIEF

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IRS Tax Settlement | St. louis Missouri | Flat Fee Tax Service

The IRS tax relief team at Flat Fee Tax Service has done it again. It is with great pleasure that we have the pleasure to announce the IRS has accepted that our client, Peter M. of St. Louis, Missouri has settled his IRS tax debt of $35,000 for a grand total of $100.00.

THAT’S RIGHT!

An IRS Offer in Compromise settlement for $100.00 on a tax debt of $35,000.00.

THAT’S WHAT WE CALL A “FRESH START.”

Peter M. of St. Louis, Missouri contacted us at Flat Fee Tax Service, Inc. like all of our clients do. Filled with anxiety. Fearing an IRS Levy. Fear that the IRS will take everything and he may have to leave his job because he simply can’t afford an IRS levy.

The IRS may have already started taking your paycheck or your bank account.

NOT EVERYONE IS ELIGIBLE TO SETTLE WITH THE IRS.

If you call us at Flat Fee Tax Service, Inc. we can determine during our free and confidential consultation if you are eligible and qualified to settle with the IRS for less.

An Offer in Compromise (tax settlement) with the IRS allows you to settle whatever tax debt you might have for less than the full amount owed. An Offer in Compromise settlement is a legitimate option if you cannot pay your full tax liability or if doing so would create a financial hardship. The IRS considers the following circumstances and facts when you file an Offer in Compromise: your ability to pay, your income, any expenses, and asset equity.

In order to be eligible for an Offer in Compromise, you must be current with all filing and payment requirements. The IRS generally approves these settlement offers when the amount offered is the most they could expect to collect in a reasonable amount of time. There are other rules and regulations surrounding the eligibility of taxpayers to file an Offer in Compromise, which is explained below.

You Can Receive a Fresh Start.

An IRS Offer in Compromise is not a negotiation as you would “haggle” with a vendor or credit card company. The IRS has a financial formula that is used to determine a struggling taxpayers ability to pay their tax debt.

Monthly cash flow is considered to be the ability of cash to come in and be expended on a monthly basis. Form 433-A requires all taxpayers to calculate a few things in regards to their monthly cash flow. First, taxpayers must calculate and outline all categories of monthly income, and specify whether they were generated as wages or through investment distribution, then calculate all categories of expenses which pertain to necessary living. To find the net difference, subtract total living expenses from total income, and you have an idea of your monthly cash flow specific to your income and living expenses.

YOUR PAPERWORK MUST BE DONE CORRECTLY.

YOUR SETTLEMENT OFFER MUST BE “RIGHT ON THE MONEY.”

If you turn in your Offer in Compromise paperwork with mistakes of any kind, the IRS will reject your settlement Offer and return it to you and call it “unprocessable.”

The IRS will not tell you what your mistake was and you will have to start the settlement procedure all over again.

DO IT RIGHT THE FIRST TIME.

The IRS Offer in Compromise process takes approximately one (1) year to complete.

GREAT NEWS!

95% of the IRS Offer in Compromise submissions prepared by the IRS tax relief team at Flat Fee Tax Service have been successfully accepted by the IRS.

OUR FEES:

$1900 for an IRS Offer in Compromise settlement which includes the release of an IRS Levy.

FEES ARE AFFORDABLE:

1. Initial fee to start: $190.00
2. 8 monthly fee payments of $190.00
3. Total of: $1900.00

Peter M. of St. Louis, Missouri paid the affordable IRS tax relief team at Flat Fee Tax Service, Inc. $1900.00 and settled his IRS tax debt of $35,000.00 for $100.00.

PETER M. MADE THE RIGHT CHOICE.

PETER M. HIRED THE BEST.

PETER M. HIRED FLAT FEE TAX SERVICE

WILL YOU?

Call for your free and confidential consultation: 1-866-747-7435

FLAT FEE TAX SERVICE:

1. Guided by our Christian Values.
2. Fully Accredited by the Better Business Bureau. A Plus Rating.
3. No Client Complaints
4. 95% Offer in Compromise Success Rate.
5. IRS Wage Levy – Stopped and Released in One (1) Day.
6. Experienced IRS Tax Attorneys.
7. Very Affordable Fees.
8. Positive Results.

http://www.flatfeetaxservice.net

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IRS Fresh Start | Offer in Compromise | Flat Fee Tax Service

Are you, a financially struggling taxpayer, at loggerheads with the IRS over a tax return(s) from years ago? Your delinquent tax debt may be weighing on your mind, causing you anxiety and sleepless nights, but there’s a way you can put the matter to rest for good.

Your Fresh Start Strategy: Make the IRS an offer it can’t refuse.

The technical name given by the IRS for such a settlement arrangement is an “offer in compromise” (OIC).

The IRS is willing to go along with a settlement deal, but it won’t budge on the procedures. You must submit a formal settlement which is called an Offer in Compromise.

The tax professionals at Flat Fee Tax Service has a 95% success rate because we do not lie to our clients and give them false hope. Our IRS Tax Attorneys know what the IRS will accept as a settlement of your back tax debt.

Here’s the whole story: An Offer in Compromise settlement is an agreement between a financially struggling taxpayer and the IRS. A successful Offer in Compromise will settle for less than the full amount of back tax owed. If the liability can be fully paid through a normal installment agreement or other means, the taxpayer generally isn’t eligible for an Offer in Compromise.

You must be qualified and eligible. You, the struggling taxpayer, must have filed all tax returns, made all required estimated tax payments for the current year and deposited payroll taxes for the current quarter if he or she is a business owner.

An Offer in Compromise Settlement Is A Financial Formula.

The IRS will accept an Offer in Compromise settlement if the amount offered by the taxpayer is equal to or greater than what is termed, the “reasonable collection potential” (RCP).

The RCP includes the value that may be realized from the tax­­­­payer’s assets—such as real property, automobiles, bank accounts and other property—as well as anticipated future income (less certain amounts allowed for basic living expenses).

There Are Three (3) Reasons For An Offer In Compromise.

The IRS says it may accept an OIC based on three grounds.

1. Doubt as to Liability: This ground is only met when there is a genuine dispute as to the existence or amount of the correct tax debt under the law.

2. Doubt as to Collectibility: Doubt that the amount owed is fully collectible: Such doubt exists where the taxpayer’s assets and income are less than the full amount of the tax liability.

3. Effective Tax Administration: This occurs when there’s no doubt that the tax is legally owed and that the full amount owed may be collected, but requiring payment in full would create an economic hardship or be “unfair and inequitable” under the circumstances.

THE ONLY REASON THAT YOU NEED TO BE CONCERNED WITH IS:

DOUBT AS TO COLLECTIBILITY.

When submitting your Offer in Compromise (OIC) based on doubt of collectability, you must use the most current version of Form 656, Offer in Compromise.

Financial Statements: You will need to submit Form 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed Individuals, and/or Form 433-B (OIC), Collection Information Statement for Businesses.

When the IRS accepts your settlement offer, the IRS expects that you, the taxpayer, will have no further delinquencies and will fully comply with the tax laws. You will be required to file your taxes on time for five (5) straight years. If you owe the IRS any money ($), you will have to pay it with your tax return.

If you, the struggling taxpayer, doesn’t abide by all the terms and conditions of your successful Offer in Compromise settlement, the IRS may determine that your OIC is in default. If the IRS rejects your OIC, the taxpayer will be notified by mail.

Tip: The letter will explain the reason for the rejection and provide detailed instructions on how to appeal.

What does an Offer in Compromise cost?

Generally, a taxpayer must submit a $186 application fee for an OIC. Don’t combine this fee with any other tax payments. However, there are two exceptions to this requirement.

1. No application fee is required if the OIC is based on doubt as to liability.

2. The fee is not required if the taxpayer is an individual (not a corporation, partnership, or other entity) who qualifies for the low-income exception.

The latter exception applies if the taxpayer’s total monthly income falls at or below 250% of the poverty guidelines published by the U.S. Department of Health and Human Services.

Tip: You may choose to pay the offer amount in a lump sum or through installment payments.

GREAT NEWS!

GREAT NEWS

The IRS, in the past two (2) years, has expanded the Offer in Compromise program and has been accepting more settlements than ever before. The new rules for a successful Offer in Compromise are contained in the IRS Fresh Start Initiative.

NOW IS THE TIME TO SETTLE WITH

THE IRS FOR LESS.

ARE YOU QUALIFIED AND ELIGIBLE?

Call Flat Fee Tax Service: 1-866-747-7435.

GET OUT OF DEBT WITH THE IRS.

Flat Fee Tax Service, Inc. will stop an IRS Levy (usually in 2 hours) and prepare your Offer in Compromise settlement for $1900.00:

1. Initial Fee of $190.00
2. 09 Monthly Fee Payments of $190.00
3. Total For Work: $1900.00

NO ONE CAN BEAT OUR AFFORDABLE FEES, MATCH OUR EXPERTISE AND MATCH OUR RECORD OF SUCCESS.

NO ONE DOES IT BETTER.

Flat Fee Tax Service.:

1. Guided by Christian Values.
2. Accredited by the Better Business Bureau.
3. 95% Tax Settlement Success Rate.
4. Experienced IRS Tax Attorneys will work directly with you.

Our Consultations Are Free And Confidential: 1-866-747-7435

Our Websites:

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https://www.flatfeetaxservice.net

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How To Settle With The IRS | Flat Fee Tax Service

Every client of Flat Fee Tax Service comes to us because they are struggling financially and have an IRS tax debt that is impossible to pay back. Usually, our clients, before becoming our client, have had a period of procrastination and, most likely, find themselves suffering from an IRS wage levy.

YOU CAN FIX YOUR IRS PROBLEM.

You need to take a positive step forward and decide that “enough is enough.”

YOU DESERVE A FRESH START.

90% of the clients at Flat Fee Tax Service, Inc., who submit an Offer in Compromise, have had their settlement offers accepted by the IRS.

STEPS TO SETTLING WITH THE IRS:

1. Stop the IRS wage levy.
2. Stop enforcement action by the IRS.
3. Flat Fee Tax Service will get you compliant if you need to have unfiled taxes prepared.
4. Settle with the IRS for less if you are qualified and eligible for an IRS Offer in Compromise.

YOU NEED A FRESH START.

WHAT ARE YOU WAITING FOR?

Under 26 U.S.C. § 7122, the IRS can settle what they, the IRS, a claim is owed by you for less than the full amount according to IRS guidelines.

You are eligible for the offer in compromise under 3 conditions:

1) Doubt as to liability: There is a reason for doubt that the assessed tax liability is correct.

2) Doubt as to collectibility: You can show that it is unlikely that the IRS will ever be able to collect the debt in full.

3) Effective Tax Administration: Liability or collectibility doubt do not exist (situations 1 and/or 2 do not apply), but debtor has extenuating or special circumstances which mean that collection of the debt would create an economic hardship or would be unfair and inequitable.

THE ONLY CONDITION YOU SHOULD BE CONCERNED ABOUT IS: DOUBT AS TO COLLECTIBILITY

DOUBT AS TO COLLECTIBILITY

Doubt as to Collectibility is the one Offer in Compromise condition that will get you a settlement of your back tax debt.

To make the case for an Offer in Compromise (OIC) by doubt as to collectibility, a financially struggling taxpayer must establish that it is unlikely that you will ever be able to pay the debt in full. The taxpayer’s reasonable collection potential is based on a complicated financial formula which includes: monthly disposable income, net realizable equity in the taxpayer’s assets and future income. That’s right, the IRS wants you to bring everything you have today and will have tomorrow to the table.

FLAT FEE TAX SERVICE CAN DETERMINE DURING OUR INITIAL CONSULTATION WHETHER YOU ARE ELIGIBLE OR NOT.

HAPPY CLIENT

As stated above, 95% of the Offer in Compromise prepared by our IRS tax relief team has been successfully accepted by the IRS.

IRS Statistics Have 42% Offer in Compromise Acceptance Nationwide

YOU HAVE NO REASON TO PROCRASTINATE FURTHER.

FREE & CONFIDENTIAL CONSULTATION: 1-866-747-7435

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FLAT FEE TAX SERVICE:

1. Nationwide Tax Debt Help – Guided by Christian Values  
2. Accredited by the Better Business Bureau.
3. A-Rating by the Better Business Bureau.
4. Very affordable fees. Monthly fee arrangements.
5. No client complaints.
6. Experienced IRS Tax Attorneys.
7. IRS wage levy stopped in 1 day.
8. 95% Offer in Compromise success rate.
9. Ethical, Moral, Dependable and Thorough.

Christian Minister | Offer in Compromise | New Bern, North Carolina | Flat Fee Tax Service

Our client, a Christian Minister from New Bern, North Carolina, received the great news. His IRS Offer in Compromise was accepted by the IRS.

WHAT ARE YOU WAITING FOR?

If you are eligible and qualified, you can get a Fresh Start through the IRS Offer in Compromise program.

The tax relief team at Flat Fee Tax Service is proud to announce another successful IRS acceptance of an Offer in Compromise.

HAPPY CLIENT

Our client, a Christian Minister, from New Bern, North Carolina came to us at time of need. The IRS was about to levy our client’s modest income. Christian Ministers do not make a lot of money. After a lengthy consultation, our tax relief team came up with a game plan. First (1st) stop the levy and then take on the overall tax debt that the IRS was vigorously pursuing.

Today, Flat Fee Tax Service is proud and happy to announce the successful IRS acceptance of our client’s Offer in Compromise. Flat Fee Tax Service prepared the Christian Minister‘s IRS settlement which resulted in his $36,000 tax debt being settled for $2316. This is what a successful Offer in Compromise should look like.

Our client, a good man, and Christian theologian, will now have his Fresh Start and can put the IRS behind him.

Flat Fee Tax Service only accepts clients that we know we can help. An action plan will be determined during our initial consultation. During our free and confidential consultation, we will offer you our best advice

CALL OUR TAX PROFESSIONALS TODAY: 1-866-747-7435

https://www.flatfeetaxservice.net

http://www.flatfeetaxservice.us

https://affordable-irs-tax-help.business.site

https://www.facebook.com/thebestirshelp

.If you find yourself owing the IRS and you are struggling financially, you owe it to yourself and your family to resolve and settle with the IRS.

STOP THE PROCRASTINATION – GET OFF THE FENCE.

PICK UP YOUR PHONE AND CALL: 1-866-747-7435

FLAT FEE TAX SERVICE:

1. Guided by our Christian Values.
2. Accredited by the Better Business Bureau. No Client Complaints.
3. Very Affordable Fees for Tax Debt Help.
4. Experienced IRS Tax Attorneys.
5. Thorough and Diligent IRS Tax Relief Team.
6. Positive Results.

CALL THE IRS SETTLEMENT HOTLINE – 1-866-747-7435