Tag: offer in compromise

Home > Blog > ArchivesTag: offer in compromise

OIC Mistakes

February 11, 2014 by in category irs tagged as , ,

Mistakes to avoid while applying for OIC If you owe the Internal Revenue Service, an Offer in Compromise (OIC) is a legitimate way to settle the debt. The goal of the IRS is to collect debts in their entirety, so you must show you have valid reasoning to ask for an OIC. If the agency […]

0 0 Read more

Applying for an Offer in Compromise

February 10, 2014 by in category irs tagged as ,

Five Steps for an Offer in Compromise An offer in compromise is a tax settlement in which a taxpayer pays a sum that is less than the full tax owed. The IRS is willing to accept an offer in compromise when there is doubt as to whether it could receive a full payment in one […]

0 0 Read more

If You Can't Afford Your Tax Debt

February 7, 2014 by in category Tax Debt tagged as , , , , ,

5 Ways the IRS Can Help Tax time is stressful for most Americans, but even more stressful if you can’t afford to pay what you owe right away. Thankfully, there are several options available to you to help you ease the burden this year. You will be able to pay your taxes and save yourself […]

0 0 Read more

Tax Settlement and Tax Debt

January 26, 2014 by in category Tax Debt, Taxes tagged as , , , , , ,

Owing back taxes and tax debt can be one of the biggest bothers, something that is often unforeseen. While it certainly can be an unwelcome and unpleasant situation to be in, it can always be worse, and definitely is not the end of the world. No matter how much tax debt you find yourself in, […]

0 0 Read more

How to Appeal a Denied Offer in Compromise

December 6, 2013 by in category irs tagged as , ,

Having your offer in compromise (OIC) denied can be frustrating, but it happens since the Internal Revenue Service (IRS) only accepts 90 percent of all offers. Understanding very well why your OIC was rejected is the first step that will help you when you want to appeal an Offer in Compromise that was rejected. You […]

0 0 Read more