Offers in Compromise

An Offer in Compromise could be just the Solution you need. Find out today.

Maybe you didn’t know that the IRS has an Offer in Compromise program that can be utilized by the tax payer when liability has been incorrectly assessed or when total liability is more than you can afford to pay.
An offer in compromise lets some taxpayers settle a tax debt for less than the full amount owed. The IRS looks at your ability to pay, income, expenses, and asset equity. In its own words, it generally approves an offer when the amount you offer represents the most they can expect to collect within a reasonable period of time. You must be current on your required tax filings to apply, and not every offer is accepted.

Our experienced tax specialists can help you determine if you might qualify for an Offer in Compromise, or if a tax payment plan would be the better route for you to go.

Fill out the form at the bottom of this page for a FREE Consultation if you need help solving your tax problems.

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Padgett & Padgett, PLLC ’s Take: How Much Cash Should A Business Have On Hand?

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What Are the Tax Mistakes New Skagit County Business Owners Make?

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What Tax Do You Pay When You Sell A Business Based on Your Skagit County Business Structure?

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