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Offer In Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. The IRS considers your unique set of facts and circumstances:

  • Ability to pay
  • Income
  • Expenses
  • Asset equity

They generally approve an offer in compromise when the amount offered represents the most they can expect to collect within a reasonable period of time. We can help you prepare and submit the necessary paperwork.

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