Offer In Compromise

Here at Community Tax, every member of our team works daily to find the best settlement options for their clients. Having spent significant time looking into the specifics of each case and learning what their clients need, these tax professionals can recommend resolution programs that fit every individual’s tax debt situation. For some of these taxpayers, Offers in Compromise will bring about the best results. When negotiating for an OIC, our tax practitioners speak to the IRS or the state on a client’s behalf and work to reduce the balance owed so it becomes a manageable payment amount.

Compared to other resolution plans, the Offer in Compromise is a difficult path to take. The incredible difference from the balance to the settlement amount makes the acceptance hard to achieve. Attempting this on your own can make it almost an impossible task. When you have Community Tax working on your case, you have attorneys and practitioners that know the ins and outs of the tax business and can greatly improve the odds of having your OIC approved.

Over the course of the last week, 11 of our clients in the Offer in Compromise program had their settlements accepted. This took a team of tax practitioners, case processors and other experts. The savings from this group is over $600,000. One client had their balance reduced to the point where they saved approximately $380,000. With these considerably lower balances, paying the remainder and staying compliant to their tax agencies is the most important thing our clients can do now.

Below you can see examples of these real cases from last week’s accepted Offers in Compromise. The table shows the financials of each case, the agencies owed, as well as two of the team members that helped to secure these outcomes. The clients’ last names have been removed to protect their privacy.