IRS Tax Debt: Offer in Compromise

Get IRS Debt Settlement advice Now. Call Nationwide Tax Group for IRS Offer in Compromise Help. The Nations Leading IRS Problem Solvers (800) 632-1750

REASONS THE IRS MAY REJECT AN OFFER IN COMPROMISE

The IRS rejects a good portion of the Offer in Compromises which are submitted to them as well which is why it is so important to seek out a tax professional who is skilled in dealing with IRS tax debt problems when preparing an Offer in Compromise to deal with your IRS tax debt.  We know the exact steps required to be followed during these IRS problems.  Believe it or not, some of the most common reasons that IRS problems such as an Offer in Compromise is rejected is because the taxpayer neglected to include a name, address, social security number or signature on the requested forms.  Many times, taxpayers aren’t aware of all of the necessary supporting documentation which will lower the chance for a rejection. We can help you to avoid these sort of IRS problems.

More IRS Tax Problems

Some of the other reasons the IRS will reject your Offer in Compromise are as follows:

You must be in compliance.  Being in compliance with the IRS means that you must be up to date with your tax returns.  They will automatically reject your Offer in Compromise and keep your application fee once they find you have not completed all of your back tax returns.  You may not even be aware of which years have yet to be filed, or which years can or should be amended to benefit you. 

They require you to be up to date with your estimated tax payments and payroll tax deposits as well if you own a company.  If you have an open bankruptcy proceeding, you will not qualify for an Offer in Compromise. We can help you in dealing with IRS problems such as this.

Solving IRS Tax Debt Problems

While submitting your Offer in Compromise, you will probably be required to submit a lump sum up front in order for it to even be considered as well.  If you are found not to be in compliance or if your paperwork is incomplete, you will lose your application fee, they will not return your lump sum down payment which can be up to 20% of the total offer you have submitted & they will STILL be hounding you to send them the rest of the money that you owe to them.

IRS Tax Problems: Professional Help

Needless to say, it is imperative that you seek out a tax professional when dealing with IRS tax debt problems.  Most of the Offer in Compromises submitted without the help of a tax professional will be rejected by the IRS.  Everybody likes to save money by doing things themselves but it’s a bad idea to try and solve these IRS problems on your own.  A true Offer in Compromise can be hundreds of pages long when you get into the supporting documentation and everything needs to be in order to avoid delays and more trouble with the IRS.  You may cost yourself time, money and still be in the same awful situation you were in before you started trying to fix your IRS tax debt problems on your own. 

Nationwide Tax Group and its employees have many years of experience in dealing with IRS tax debt problems.  Our team of Enrolled Agents, CPA’s, accountants & IRS tax debt problem solvers are here to help you.