OFFER IN COMPROMISE

An IRS Offer in Compromise (OIC) is truly amazing! A qualified taxpayer offers the IRS a substantially lesser amount of money as full satisfaction of their outstanding tax liability.

Unfortunately, despite what you may have heard on some TV ads, or read on some of those misleading "tax help" company websites, many taxpayers do not qualify for a reduced offer in compromise settlement.

THIS YEAR, THE IRS HAS ACCEPTED ONLY 18% OF ALL OICs SUBMITTED. 

Determining if you may qualify for an offer in compromise, determining the lowest possible amount to offer the IRS that they are likely to accept, are just two of the many CRITICAL decisions that you will need to make.

Don't be fooled by some of those misleading "tax-help" companies out there who "promise" you a reduced offer in compromise settlement with the IRS for "pennies on the dollar."   In fact, 28% of all OICs submitted are immediately returned back to the taxpayer by the IRS because they were incorrectly filled out or had no chance of acceptance.

If you have an IRS tax liability of $30,000 or more, please contact me, San Diego tax attorney Richard Carpenter for assistance.  I only accept IRS Offer in Compromise cases with a tax debt of over $30,000.  Also, your balance due amount owed to the IRS must be significantly more than the current value of your assets and it must also exceed your ability to pay the IRS for you to possibly qualify for an offer in compromise settlement.

DID YOU KNOW THAT ...

• Past due payroll taxes can also be included in an IRS OIC.
• A taxpayer can submit an IRS Offer In Compromise using 1 of 3 categories: "doubt as to collectibility," "doubt as to liability," or "effective tax administration." Each one is completely different.
• A taxpayer submitting a "cash" IRS Offer In Compromise generally does not have to pay the IRS until 90 days after acceptance.
• A taxpayer submitting a "short-term deferred payment" offer will need to pay a higher amount to the IRS than a "cash" offer.
• A taxpayer also has the option of a "deferred payment" Offer in Compromise.
• There is a 5 year "stay current" rule which applies to an IRS Offer in Compromise.
• Before you can become eligible for an Offer in Compromise, you must first file all delinquent tax returns.
• The careful completion of the "Collection Information Statement" form is critical to getting a favorable Offer in Compromise accepted.
• Negotiation skills also play an important part in getting the lowest possible offer amount accepted.
• A 20% non-refundable deposit to the IRS must be submitted with an Offer in Compromise

SAN DIEGO TAX ATTORNEY RICHARD CARPENTER CAN HELP BY ...

• Determining whether you may qualify for a reduced Offer In Compromise settlement.
• Determining whether an Offer In Compromise is your best option.
• Calculating the lowest acceptable amount to offer the IRS that they will likely accept.
• Communicating directly with the IRS, so that a taxpayer never has to meet with them.
• Handling the entire complex OIC process from start to finish.

RICHARD CARPENTER's EXPERIENCE ...

     Since 1984, I have successfully represented more than one thousand clients in resolving their IRS tax disputes. I have the knowledge and 25 years of experience needed to get qualified taxpayers a reduced offer-in-compromise settlement with the IRS.

     I am a part-time tax law professor, a Certified Tax Law Specialist, and the author of 14 published articles, one of which is a leading article concerning IRS Offer In Compromise ("GET THE BEST DEAL FOR CLIENTS FROM THE IRS COLLECTION DIVISION", published in Taxation For Accountants, August 1998 issue, and republished in Taxation For Lawyers, September/October 1998 issue).

     EXPERT GUIDANCE ... During the past 25 years, many attorneys and CPA's have looked to San Diego Tax Attorney Richard Carpenter for expert guidance in helping their clients resolve serious tax problems with the IRS. For a complete description of my background, please click here.

QUESTIONS ...

If you are serious about resolving your tax problem, I can help you. Please call me at (619) 696-8607 to discuss your tax situation in complete confidence. Put my 25 years of tax law experience to work for you.

  Remember, this year the IRS has accepted only 18% of all OICs submitted and also 28% of all OICs submitted are immediately returned back to the taxpayer by the IRS because they were incorrectly filled out or had no chance of acceptance.

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RICHARD CARPENTER
SAN DIEGO TAX ATTORNEY
406 Ninth Ave., Suite 213
San Diego, CA 92101
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TELEPHONE: 619/696-8607
FAX: 619/696-0126
E-MAIL: rc4taxlaw@aol.com *
 
I accept all major credit cards.

 
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