Tax Resolution Services, Co. in the News – Client wins Offer in Compromise and is Now Debt Free
When Matt C. came to us for tax help, he owed the IRS nearly $40,000 in back taxes. A year after he retained us, he won an Offer in Compromise settlement for $1,500. And when the negotiated settlement was paid, all of Matt C.’s federal tax liens were released.
This story just reminded me of the importance of seeking professional tax help when trying to qualify for an Offer in Compromise. If the layman attempts to go through this process without proper representation, their Offer in Compromise will not only get rejected but they will end up owing the IRS more money—in additional accruing penalties and interest—than when they started the process.
When we are hired to file an offer in compromise, we strategize with the client before hand to get their finances in place to ensure as much success as possible when mediating and negotiating with the IRS.
In 2005, 73,000 Offers in Compromise were submitted nationally with only 14,500 or about 20% accepted by the IRS. Our acceptance rate on the Offers in Compromise we submit is nearly 5 times (approximately 90%) the national average.
We love helping people find affordable ways to resolve their tax troubles, and our Offer in Compromise Settlement Rate is $0.13 on the dollar. To receive a FREE tax relief consultation, visit www.TaxResolution.com or call (818) 774-1813.
More Tax Help, IRS News and Tax Relief Tips:
- Since the New Year has rolled around, I’ve made myself a promise: I want to get rid of my tax debt. I owe about $140,000 in back taxes and now earn about $65,000 per year (with no savings). I don’t know where to begin. Can you help?
- Nation’s Leading Tax Resolution Firm Saves Taxpayer Over $5 Million with IRS Offer in Compromise
- IRS Problems for Tax Evader Convicted of Underreporting Income
- Tax Help For Taxpayers Short on Cash: Filing a Tax Return Late is Better than Filing a False Tax Return
- Tax Help For Offer in Compromise Applicants: New IRS Changes to Processing
Tags: IRS debt, Offer in Compromise, tax help, tax relief, tax resolution
July 25th, 2008 at 11:29 am
[...] help! If you come to the experts we will make a tax relief action plan. A solution might be an offer in compromise; the IRS will accept a much smaller lump sum for the total dept that’s owed- if you can prove [...]
January 2nd, 2009 at 3:46 pm
[...] Matt C. owed the IRS nearly $40,000 in back taxes when he came to us. A year after he retained us, he won an Offer in Compromise settlement for $1,500. And when the negotiated settlement was paid, all of Matt C.’s federal tax liens were released. [...]