subject: The solution of the debt with the IRS offer compromise [print this page] The solution of the debt with the IRS offer compromise
What is the OIC? The offer of compromise, or OIC, in short, is a program that taxpayers with a federal tax liability for an amount that can negotiate lower amount due. Qualified personnel can usually with a much lower price and in many cases can be accepted in order to give the debt on the shoulders always satisfied.
The bitter truth: statistics, less than 3% of the population of the United States, the taxpayer is an offer of compromise. Asformer customs officials, I can tell you that the program is very difficult to qualify for, but it is something that should be excluded. The best thing we can do for you, when it was applied to a CIU, taking account of qualifications. There are three main conditions of an offer of compromise involved:
Doubts as to the responsibility: this is one of the ways that qualify for the examination of the program. Must prove the case of doubt about the condition of liability that the IRSFor some reason, the debt is correct. The odds of IRS errors are subtle, and the opportunity to refute them more. But if you are unsure, you can do that, the offer of compromise in May is good for you.
Doubts about the rest: In this case, the IRS must prove that you will never be able to pay the debt in any way possible. It is also difficult to remove because it has gotan account (income, wealth, etc.) You will be surprised about what it's worth it, especially if it returns to the IRS their money.
The effective tax administration: if these two conditions are possible, the efficiency of tax administration another chance to qualify for OIC. E 'should be noted that the IRS, even if you have the option of paying the debt if you would create a difficult economic situation andfinancially unfair. The sad thing is that the IRS is to decide what is and what is not "fair".
So I have no chance? No, if you're interested in an offer of compromise, you should see an investigation to see if you qualify. If you know, the OIC is not for you, do not give up yet! There are several ways to release your tax liability, so that they can continue to live their lives.
Bottom Line: Make sure you know,Programs for those who qualify for. Do not let anybody tell you can do anything, unless you consider. The most powerful weapon against the IRS does not know much about them. So the best way is to react: to learn!
