IRS Offer in Compromise Help for Businesses & Individuals

At Freedom Tax Resolution, we understand the challenges and complexities individuals and businesses face when dealing with tax liabilities. The Internal Revenue Service (IRS) offers a valuable option called an Offer in Compromise (OIC) for taxpayers who are unable to pay their tax debts in full. An Offer in Compromise allows taxpayers to dispute the amount owed, offering three main options: doubt as to liability, doubt as to collectability, and effective tax administration. Our team of experts is here to provide you with the necessary guidance and support throughout the entire Offer in Compromise process.

Doubt as Liability: Challenging the Amount Taxed

One of the common grounds for disputing tax liabilities is known as “doubt as to liability.” This claim arises when taxpayers believe the amount of taxes imposed upon them is incorrect. It can stem from various reasons, such as errors in tax assessment, mistakes in calculations, or inaccurate reporting. If you believe the amount you are being taxed is incorrect, our experienced professionals can help you gather and present the necessary evidence to support your claim. Our goal is to ensure that your tax liabilities are accurately determined and that you are not burdened with unnecessary financial obligations.

Doubt as to Collectability: Financial Hardship

Another option for disputing tax liabilities is based on “doubt as to collectability.” This approach comes into play when a taxpayer is facing a legitimate financial hardship and is unable to pay their tax debts in full. Financial hardships can arise from various circumstances, such as job loss, medical emergencies, or other unexpected life events. If you find yourself in such a situation, our knowledgeable team can assist you in presenting your financial difficulties to the IRS. We will work closely with you to gather the necessary documentation and develop a compelling case that showcases your inability to pay the full tax debt.

Effective Tax Administration: Unjust Tax Liability

The third option for disputing tax liabilities is “effective tax administration.” This option considers cases where the taxpayer believes that paying the full amount of taxes owed would be unfair due to exceptional circumstances. Such circumstances often include health or age-related issues, such as disability, terminal illness, or elderly status. If you believe your tax liability is unjust due to personal circumstances, our dedicated professionals will help you build a strong case to support your claim. We understand the importance of compassion and empathy during such situations and will work diligently to advocate for your rights.

Navigating the Complexities of an Offer in Compromise

Filing for an Offer in Compromise is often a lengthy and complex process that requires meticulous attention to detail. It involves gathering extensive documentation, calculating reasonable offers, and effectively presenting your case to the IRS. While it is possible to file an Offer in Compromise independently, having the guidance and expertise of tax professionals can significantly improve your chances of success.

At Freedom Tax Resolution, our team of experts specializes in IRS tax resolution matters, including the Offer in Compromise program. With a deep understanding of tax laws and regulations and extensive experience dealing with the IRS, we are well-equipped to handle your case. We will review your financial situation, assess your eligibility for an Offer in Compromise, and guide you through every step of the process.

Contact Our Experts for Offer in Compromise Help

If you believe you qualify for any of the Offer in Compromise options listed above, we urge you to contact our knowledgeable team at Freedom Tax Resolution. We pride ourselves on providing personalized and professional assistance to individuals and businesses facing tax-related challenges. Our experts will assess your circumstances, determine the best course of action, and provide unwavering support throughout the OIC process.

Don’t let the complexities of an Offer in Compromise overwhelm you. Trust our dedicated team to navigate these intricacies on your behalf, ensuring that your rights are protected, and your tax liabilities are resolved in the most beneficial manner possible. Call us today and take the first step towards achieving financial freedom.