EP24: Offer In Compromise Acceptance Formula
Manage episode 332883883 series 2989229
What formula does the Internal Revenue Service use to determine whether or not they will accept your Offer in Compromise to settle your tax bill?
The IRS looks at your current income, assets, and liabilities and wants to see if you can pay them in full within the collection statute expiration date. If they determine that you can pay them in full, they will reject your Offer in Compromise.
It's important to do this analysis before applying to determine whether your offer will be accepted. The OIC program is not for everyone; therefore, it is best to seek advice from tax professionals to help assess if you can qualify and file that offer.
Let me help you solve your tax problems so you can sleep better at night. Schedule your free consultation with me at 201-479-2572 or visit www.201tax.com.
85 ตอน