Offer in Compromise Lawyers

Authored by , LegalMatch Law Library Managing Editor and Attorney at Law

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Most Common Finance Law Issues:

What is an Offer in Compromise?

An offer in compromise is available only where the taxpayer cannot pay an income tax debt in full and 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 Should I Do if I Want to Submit an Offer in Compromise?

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

Do I Need a Lawyer to Help Me with My Offer in Compromise?

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

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Last Modified: 10-25-2011 03:15 PM PDT

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