Offer In Compromise California
The Art of Tax team is very experienced at using the Offer in Compromise procedure, which is an route to resolve federal tax liabilities.
The first step is to file all delinquent tax returns. This must be completed before the IRS will even begin to consider the eligibility for an Offer In Compromise agreement.
Our team will prepare all returns for you. The IRS may legally compromise for one of the following reasons:
– Doubt as to liability, when doubt exists that the assessed tax is correct
– Doubt as to the collect-ability, when doubt exists that the taxpayer could ever pay the full amount of tax owed
– Effective tax administration – Under effective tax administration, there is no doubt that the assessed tax is correct and no doubt that the amount owed could be collected, but the taxpayer has an economic hardship or other special circumstances which may allow the IRS to accept less than the total balance due.
By scheduling a meeting with Art Of Tax Inc., we can determine your eligibility for an Offer In Compromise and prepare the request for the IRS.