There is no guarantee that the IRS will accept your offer without compromise. The IRS bases its decision on several factors. Keep in mind that the IRS could approve your offer if there is a problem with whether you are legally liable for tax. This is part of the “responsibility doubt.” Make promises that you can keep. Sometimes the IrS`s analysis of your financial situation will indicate that you can pay a certain amount per month to settle a tax debt account. If an IRS agent asks you if you can pay $600 a month and you realize you can only pay $450 a month, tell the agent that`s all you can pay. Don`t prepare for failure by agreeing to pay for something you can`t afford. Unusual agreements can penalize you in future negotiations. The IRS may compromise the offer and pay all of the tax debt, net of all payments and credits received.
However, you are not allowed if you are eligible for any of the temperation agreements. If so, the IRS is paying that you have sufficient resources to fully settle your tax debts over time. When reviewing an OIC, you should at least consult a serious tax lawyer, preferably a former IRS lawyer. Make sure that IRS tax controversies and IRS collection resolutions are the backbone of his cabinet. Recruiting an experienced tax lawyer will benefit you in three main ways: (1) You will know whether or not you should submit an OIC, (2) you will negotiate the most favourable compromise possible and (3) you will greatly increase the chances that your offer will be approved by the IRS. Even a lawyer offers client privilege lawyer in cases where a registered agent or CPA cannot. Whether you`re concealing a misunderstanding, sticking to a catch-up agreement, submitting a compromise offer, dealing with an accountant or worse, answering by an IRS agent to your door, you need some basic trading skills. Tips for paying off your taxes: Another strategy to fight your IRS tax debts is to ask for a missed deal. An IRS rate agreement allows you to pay off your debts monthly. There are different types of temperative agreements proposed by the IRS. It is important to know who you are qualified for, and a tax lawyer can guide you through this process.