Offer in Compromise

In some cases the government may allow you to settle your tax debt for less than the full amount you owe. This is what is known as an offer in compromise and it may be an option if you are experiencing a significant hardship or cannot otherwise afford to pay your full tax liability.

When considering whether to accept an offer in compromise the government will carefully consider the unique facts and circumstances of the taxpayers situation.  This includes factors such as your compliance history, your ability to pay, your income and expenses and any equity you may have in your assets. Submitting an offer in compromise does not necessarily stop all collection action. It is a delicate negotiation in which the government has all the control.

You can improve the chances that an offer in compromise will be accepted by working with a licensed professional that has experience structuring the offer and negotiating with the IRS and state and local government agencies.

Podraza CPA has had substantial success in structuring settlements with the government using offers in compromise. This often results in substantial reductions of the tax liability, but more importantly helps the client get back on track financially, so they can start meeting their other financial responsibilities.

Call us today to find out if an offer in compromise is a good option to resolve your back tax issues.

Podraza CPA has had substantial success in structuring settlements with the government using the offer in compromise process. This often results in substantial reductions of the tax liability, but more importantly helps the client get back on track financially, so they can start meeting their other financial responsibilities.