Tax Negotiations
Tax Solutions Through Offer In Compromise
The IRS will accept an Offer in Compromise when it is unlikely that the taxpayer’s liability can be collected in full. And the amount of the IRS Offer in Compromise (OIC) must reasonably reflects collection potential. The OIC is a legitimate alternative to declaring cases as currently not collectible. And negotiations of tax settlement or installment agreements may be viable tax solutions. The goal is to achieve collection of what is potentially collectible at the earliest possible time. And it must be at the least cost to the government.
Tax Settlement
As much as we hate to use the term “tax settlement”, in layman’s terms it is the most comprehensive. But the term used by the IRS is Offer In Compromise, or OIC. This relief method is not for every taxpayer. Though the settlement amount may be much less than the original debt, it may not be practical. The Offer In Compromise prepared for the taxpayer. And representation of the client should be by a tax professionals. However it can be quite costly.
Be encouraged and assured that tax solutions exist for nearly 100% of tax debts. Because Our solutions to tax debt are designed around each client’s particular circumstances in order to get the most favorable results for that client.
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Professional Tax Advisers
Visit us in Frederick or Rockville, Maryland, Vienna Virginia (Washington DC Metro Area)
17 W. Jefferson Street, Suite 2, Rockville, MD 20850
4 S. McCain Drive, Suite 14, Frederick, MD 21703
1604 Spring Hill Road, Suite 212, Vienna VA 22182
Phone (855) 557-2222, Fax (855) 557-2222
e-mail: info@bfswebsite.com
Offices in Rockville, MD and Frederick, MD