IRS Offer In Compromise accepted! We filed an IRS OIC & represented a client as their power of attorney & the IRS offer in compromise was accepted by the IRS. The acceptance of the IRS OIC meant the client saved of over $26,000 in back taxes with the IRS!
The IRS OIC or the IRS offer in compromise is a tax relief settlement program that is part of the IRS fresh start initiatives. The IRS OIC is the most sought after program since the OIC will completely eliminate IRS back taxes.
The IRS Offer in Compromise completely wipes out back taxes, which includes all interest & penalties.
IRS tax debt can be settled & resolved with an Offer in Compromise or OIC.
How does an IRS OIC eliminate tax debt? We broke it down to 5 steps, of the successful IRS OIC, which resulted in the IRS completely eliminating a gack tax debt of over $26,000 that included interest & Penalties.
There are 3 types of IRS OIC. We detailed the 3 types here: [ Ссылка ].
For this client, we used the IRS OIC - Doubt as to collectibility ( DATC), which means the offer in compromise is based on the limited income & assets of the client.
We submitted an OIC to the IRS - DATC on behalf of a client, which resulted in success and the client saved over $26,000, thus completely eliminating the IRS tax debt.
THE OIC can be broken down into 5 steps so that the OIC can have a better chance of being successful.
1. Pre Resolution Checklist
2. Calculate the OIC
3. Make the OIC
4. Organize A presentable OIC
5. Final Negotiations of an Offer in compromise.
Part of the Pre-Resolution Checklist is also to determine which IRS tax relief program is the right one.
The top IRS tax relief solutions are IRS Offer In Compromise ( OIC), IRS Currently Non-Collectible Status ( CNC), IRS Partial Payment Installment Agreement ( PPIA), IRS Fresh Start Initiatives, IRS Penalty Abatement ....
Having an IRS tax debt is difficult, however, you can fully get rid of your IRS back taxes through an Offer in Compromise. So we must be thorough from the beginning of the case, including an IRS Pre-Resolution Check list prior to requesting the IRS tax relief.
Now the client has true peace of mind knowing that the IRS debt is completely eliminated.
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