The tax debt is an elephant in the room, but resolving it does not have to be. As tax authorities, the IRS and many states offer a solution named Offer in Compromise (OIC). The program allows certain taxpayers to settle their tax debt for less than the full amount owed. We are aware of the professional guidance required in such implications and are proud to offer our expertise in the qualification of an OIC.
How an Offer in Compromise Works
An OIC has several functions starting from challenges until the full resolution. IRS and state offers in compromise are designed to relieve taxpayers, especially the ones who have certain obstacles to completely fulfilling their tax liability. Dimov Tax attorneys make sure to fulfill all the required criteria and submit a solid application for relief.
Our Expertise
Our solutions are crafted with care. In connection, our specialized expertise manages all the requirements of the IRS and state offers in compromise.
- Eligibility Evaluation: We perform detailed assessments of the current financial situation to confirm if the OIC is the best available option. We handle all the relevant paperwork in this scope.
- Application Assistance: Our team of tax attorneys completes and submits Form 656 to the IRS alongside the relevant state forms, if necessary.
- Negotiation Support: Dimov Tax performs communication practices directly with tax authorities and presents the case professionally.
- Post-Approval Guidance: Compliance with any ongoing requirements is established like timely tax filings by our tax attorneys.
Take the First Step Today
An offer in compromise can be the lifeline you need to resolve your tax debt. Contact Dimov Tax to schedule a consultation. Our experienced team will assist you embrace your available options and create a path toward financial relief.
