IRS Offer In Compromise

Make a plan to resolve your tax issues.

Let our tax experts guide you through the process of negotiating an IRS offer in compromise.

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IRS Offer in Compromise Overview

Discover the benefits of an IRS Offer in Compromise and how we can help you settle your tax debt.

REDUCED TAX DEBT

An IRS Offer in Compromise can significantly lower your tax debt, making it more manageable and affordable.

EXPERT GUIDANCE

Our experienced CPAs and tax professionals will guide you through the entire process, ensuring the best possible outcome.

FRESH FINANCIAL START

Successfully negotiating an IRS Offer in Compromise can give you a fresh start and help you regain control of your financial life.

CALL (318) 202-2131

What is an IRS Offer in Compromise?

An IRS Offer in Compromise is a program by the IRS that allows eligible taxpayers to settle their tax debt for less than the full amount they owe. This can provide significant relief for those struggling with tax debt, but it's essential to know the requirements and the process involved.

Requirements

To qualify for an IRS Offer in Compromise, you must meet specific criteria, such as having filed all required tax returns, made all estimated tax payments, and not currently being in an open bankruptcy proceeding. The IRS will also evaluate your income, expenses, and ability to pay.

Ability to pay

Income

Expenses

Asset equity

The IRS Offer in Compromise Process

1

CONSULTATION

Schedule a consultation with our tax relief experts to evaluate your financial situation and determine if an IRS Offer in Compromise is the right solution for you.

2

APPLICATION

Our team will help you gather necessary documents and complete the required forms to submit your IRS Offer in Compromise application to the IRS.

3

NEGOTIATION & RESOLUTION

If your application is accepted, we'll negotiate with the IRS on your behalf to reach a favorable settlement, allowing you to regain control of your financial future.

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Offer In Compromise Success Stories

This story is for illustrative purposes only

John, a small business owner in Louisiana faced a significant tax debt, and was unable to meet his obligations due to a market downturn. Overwhelmed and not sure what to do, John reached out to an expert for tax relief services. They recommended the IRS Offer in Compromise (OIC) program.

They presented his financial situation to the IRS, demonstrating that full payment was beyond his reach. After a detailed review, the IRS accepted John's realistic offer to settle his tax debt for a fraction of the amount owed.

This agreement allowed John to pay off his debt without jeopardizing his business, lifting the weight of financial stress and paving the way for a fresh start. John's story is a testament to how the OIC program can offer a lifeline to those struggling with tax debt, providing a path to financial recovery. Contact us if you're in a similar position and need expert tax resolution.

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 bob houck 
2024-02-08
The company always returns calls , does a great job on my business and personnel taxes. very helpful thank you
  
 Justin Mundt 
2023-09-16
The thing I like about David and his business is he's easy to work with from a technology standpoint. I'm located in MN and we work together seamlessly from across the country. Great work David and Jacob.
  
 Theris Clark 
2023-05-17
The service was great! A little high but great service.
  
 Isabelle Veneracion 
2023-04-15
Was recommended by a family member to David. He was very professional, helpful, and understanding! I will be using his services again 🔥
  
 Daniel Veneracion 
2023-04-14
David was a big help! He got my taxes done very quickly and provided me with a great return! He provided professional and efficient services. I will definitely be using David to file my taxes in the future.
  
 Lincoln Fancher 
2023-04-14
David was very helpful in answering my personal tax questions and even helped me get a refund!
  
 Rayna Trujillo 
2023-03-21
Amazing work! Very professional.
  
 Cloud C 
2023-03-21
The best CPA in Louisiana. David is incredibly professional, and completes his work accurately and promptly. His assistant, Jacob, is very helpful and has the best customer service. I highly recommend David if you are looking for a top-notch CPA.
  
 Elliot Sorrell 
2023-03-13
David Griggs did an incredible job of helping me file my taxes! The experience  from start to finish was smooth and he was able to make what can be a stressful and complicated process very simple. I plan to use David Griggs permanently as my accountant. I would highly recommend his services to my family, friends, and anyone needing help with filing their taxes! Five stars for sure!
  
 Nelson Cunanan 
2023-03-09
Very professional and reliable. They have true concern to their customers and very prompt in answering queries.

FAQs

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What is an offer in compromise (OIC) with the IRS?

An IRS Offer in Compromise allows you to settle your tax debt for less than the full amount you owe. It's an option for taxpayers who cannot pay their full tax liability, or doing so would create financial hardship.

Does the IRS accept an offer in compromise?

Yes, the IRS does accept Offers in Compromise, but not for everyone. Acceptance is based on a thorough review of each taxpayer's financial situation. The IRS only agrees if the offer truley reflects your ability to pay.

How does an offer in compromise work with the IRS?

An Offer in Compromise works by allowing taxpayers to negotiate a settlement with the IRS that is less than the total amount owed. You will need to submit an application detailing your financial situation. The IRS then evaluates whether the offered amount is the most they can reasonably expect to collect within a specified period.

How long does an offer in compromise take?

The process can vary in length but typically takes between 4 to 12 months. The time frame depends on the complexity of your case, how quickly you provide requested information, and the IRS's current backlog.

How much should I offer in compromise to the IRS?

Your offer should reflect the maximum amount you can pay, considering your assets, income, expenses, and future earning potential. The IRS expects your offer to equal the Realistic Collection Potential (RCP), which includes the value of your assets plus the amount the IRS could collect from your future income.

Does an IRS offer in compromise hurt your credit?

An IRS Offer in Compromise itself doesn't directly hurt your credit score. However, the process leading up to it, such as any tax liens that have been filed against you, may have already affected your credit. The compromise does not appear on your credit report.

IRS Offer in Compromise Tips:

Ensure accuracy. Double-check all your financial information for accuracy before submitting it.
Be realistic. Offer a reasonable amount that reflects your financial capacity to pay.
Documentation. Provide thorough documentation to support your application.
Be patient. The process can be lengthy, so be patient and comply with IRS requests.
Seek professional help. A tax relief professional like David J. Griggs CPA will provide valuable guidance and increase the likelihood that the IRS accepts your application.

Inquire About Our IRS Offer In Compromise Services

Contact us today for a free consultation to discuss if an Offer in Compromise is the right solution for you. Let our experienced team help you regain control of your financial future.

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IRS Offer In Compromise