{"id":44,"date":"2021-02-24T15:33:15","date_gmt":"2021-02-24T15:33:15","guid":{"rendered":"https:\/\/sacramentotaxlawyers.com\/?page_id=44"},"modified":"2021-09-10T22:29:08","modified_gmt":"2021-09-10T22:29:08","slug":"offer-in-compromise","status":"publish","type":"page","link":"https:\/\/sacramentotaxlawyers.com\/offer-in-compromise\/","title":{"rendered":"Offer In Compromise"},"content":{"rendered":"\n
\"Jin<\/figure>
Jin Kim<\/strong>
Free Consultation<\/strong>
(916) 299-9913<\/a><\/strong>
Flat Fees<\/strong><\/div>\n\n\n\n

IRS Offer in Compromise Lawyer<\/h1>\n\n\n\n

Receiving a large tax bill from the IRS is frightening. The IRS has a reputation for aggressive collection, and the interest that accrues on tax debt can bury some taxpayers. However, when the amount of tax debt overwhelms the taxpayer’s financial condition, an offer in compromise may be a viable tax resolution option. An offer in compromise is an offer on the part of the taxpayer to pay a reduced amount due to certain extenuating circumstances recognized by the IRS. An offer in compromise is a good option to take if you can afford part<\/em> of your tax bill \u2013 but not all<\/em> of it. Here are some things to know about offers in compromise including how you can qualify for this tax resolution strategy.<\/p>\n\n\n\n

Jin Kim is a California tax attorney<\/a> helping clients secure offers in compromise with the Internal Revenue Service. Learn more about her practice, flat fee options, and payment plans by calling her office at (916) 299-9913<\/strong> for a free consultation.<\/p><\/blockquote>\n\n\n\n

What Is An Offer In Compromise?<\/h2>\n\n\n\n

Ordinarily, when the IRS assesses a taxpayer with additional tax liability, the taxpayer is expected to pay the amount in full. One exception to this rule is the offer in compromise<\/a> (OIC). In effect, an OIC is an agreement entered into between the IRS and the taxpayer where both parties agree that the taxpayer will pay less<\/em> than the total amount owed. While an OIC seems like a great option to reduce your tax bill, there are also stringent requirements before the IRS will grant an OIC.<\/p>\n\n\n\n

When Can I Qualify For An Offer In Compromise?<\/h2>\n\n\n\n

You can use the IRS offer in compromise pre-qualifier tool<\/a> online. However, we always recommend consulting with a tax attorney to determine whether you qualify for an offer in compromise, even if the pre-qualifier tool says you’re not eligible. <\/p>\n\n\n\n

A taxpayer can secure an offer in compromise under the following circumstances:<\/p>\n\n\n\n