Offer in Compromise Lawyers

Authored by , LegalMatch Legal Writer

Locate a Local Finance Lawyer

Most Common Finance Law Issues:

What Is an Offer in Compromise?

An "offer in compromise" is a tax payment option that the IRS makes available to taxpayers who cannot pay an income tax debt in full and for whom an installment agreement is not feasible. Legally, a debt can be compromised if:

How Do I Qualify for an Offer in Compromise?

If all other payment arrangements are not possible, you can ask the IRS to consider an offer in compromise. For the IRS to process your "offer", you must satisfy several requirements:

What Must I Do to Submit an Offer in Compromise?

You should know the following when submitting an offer in compromise:

Can a Lawyer Help Me with My Offer in Compromise?

The requirements for an offer in compromise are lengthy and can be complicating. A tax attorney familiar with federal income tax laws can assess your tax burdens and help determine if an offer in compromise is right for you. The attorney can also help you complete and submit your offer to the IRS.

Consult a Lawyer - Present Your Case Now!
Last Modified: 10-21-2014 03:54 PM PDT

Find the Right Lawyer Now

Did you find this article informative?

Link to this page

Law Library Disclaimer

Offer in Compromise Lawyers, income tax debt,offer compromise,income tax,doubt liability,poverty guidelines,assessed tax,deferred payment,offer,tax,compromise,income,doubt,payment,Collectibility,bankruptcy