Settle your IRS tax debt.

This Roadmap will guide you through the IRS Offer in Compromise program. By following this Roadmap, you will collect the necessary information, complete the proper forms, submit your application, and negotiate a settlement with the IRS. We’ll email you step-by-step instructions.


Offer in Compromise: what you will accomplish

You can settle IRS tax debt for less than the full amount you owe with with the Offer in Compromise program. This program with the Internal Revenue Service may be a legitimate option if you can’t pay your full tax liability, or doing so creates a financial hardship.  An Offer in Compromise (OIC) is generally approved when the amount offered represents the most that can expect to collected from you within a reasonable period of time.

What to expect

Understand what the Offer in Compromise program is and if it is your best option. You will also learn how the program works, what you can expect, how long it takes, and more.

Getting started

There is some “tax lingo” you should familiarize yourself with before starting. You’ll also need to get some of your personal and business information together so you are well prepared.

Financial Statements

There are a few forms you might need to fill out. Learn about which forms to prepare and how to fill them out so you can have the best outcome possible.

Application

In addition to financial statements, you will need to complete the application and pay an application fee. We’ll guide you through it.

Submit to IRS

When it’s time to send in your paperwork, you’ll have clear instructions on what to do. You will also have a clear understanding of what you can expect next and what you should be doing during processing.

Negotiation

Know the examination process and what you can do to negotiate down your IRS debt.

Staying Compliant

If you default on your accepted offer or make a mistake, your old tax debt will be reinstated. We’ll provide tips to staying out of tax trouble and lowering future taxes.

What is an Offer in Compromise? Learn more >

Still need help?

Transaccts has specialized in resolving delinquent IRS and State tax debts for many years.  We can customize a do-it-yourself solution for you.  If you want full-service tax resolution, this is also the place to start.

Learn about Pro Discovery >

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