| Offer in Compromise: More Than 85% Are Rejected By the IRS |
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If you are unable to pay your entire tax debt in full and are also unable to enter into an installment agreement with the IRS, you may be able to take advantage of an offer in compromise (OIC).
This is the program that you may have read about where you can supposedly settle your IRS debt by 'paying pennies on the dollar'. However, the IRS generally resolves less than one percent of all balance due accounts through their offer in compromise program and they consider it a 'last resort' method of collection. More than 85% of all offers in compromise are rejected by the IRS. This can result in additional interest, penalties accruing and resumption of enforced collection if you have not reached another suitable agreement. Offer in compromise proposals may fail because the submitters don't have the experience that Ameritax has to get the proposal accepted. Ameritax has an 85%-90% success rate with offer in compromise proposals. That's 5 times better than the norm. If you'd like to discuss your particular tax situation with us, give us a call at 888-999-0744, or use the form below to arrange a free tax solution consultation. When We're Available for AppointmentsMonday Thru Friday (8 am to 6pm Pacific Time) (11 am to 9 pm Eastern Time)We're also available on the weekend Saturday (9 am to 3 pm Pacific Time) (Noon to 6 pm Eastern Time) During normal business hours (Mon-Fri. 9-5pm), you can also reach us in the office at 415-259-0680. If you have a tax problem, we can help you:
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| Last Updated ( Wednesday, 20 June 2007 ) | ||
