What Tax Burdened Americans Need to Know – IRS Offer In Compromise Program is a Privilege, not a Right
I was thinking the other day about how the tax relief industry has really grown and changed in the past 5 years. With a dramatic increase in IRS enforcement, so many companies have entered the scene to offer help to the millions of taxpayers in trouble with the IRS. With claims that that they can help settle your tax debt for a fraction of what you owe, many of these so-called tax resolution firms have come under fire for misleading consumers seeking tax assistance.
Faced with overwhelming tax debt, many Americans have been hoping to qualify for the IRS Offer in Compromise program. And tax resolution companies need to be upfront with clients and let them know that not everyone can qualify for this type of help because the IRS has very strict guidelines governing eligibility.
In 2007, 46,000 offers were submitted to the IRS nationally and only 12,000 or about 26% were accepted. TRS’s acceptance rate on offers they submit is nearly 5 times the national average, and this year alone TRS has successfully negotiated hundreds of IRS settlements at a rate of $0.13 on the dollar.
With over 10 years of service, we are the IRS problem solvers with the highest tax relief success rate in the nation have successfully negotiated hundreds of IRS settlements this year at a rate of $0.13 on the dollar.
Taxpayers should bear in mind that the OIC program is a privilege, not a right, like bankruptcy. We put our clients through a rigorous in-depth interview process to find out if they really do qualify. Most taxpayers do not, and we won’t allow a client to retain us to negotiate an Offer in Compromise unless they are a legitimate candidate for the program.
That’s why taxpayers across the nation have saved in excess of $35 million dollars over the past 10 years with the help of TRS. We take pride in our ethical and honest approach to tax resolution, and we owe much of our success to a policy of total transparency, including a strong commitment to educating and advising you on viable settlement options for resolving your specific IRS problems.
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