Offers In Compromise

One option for a collections solution for back taxes owed is called an offer in compromise (OIC). In short, this is a workout agreement in which the IRS agrees to accept less than the total amount of liabilities owed by the taxpayer.

The OIC is one of the most important options a taxpayer has for greatly reducing the amount owed, and it is one very important reason why a taxpayer should not attend an IRS audit without a knowledgeable attorney. IRS auditors are paid to make sure the government collects as much of the taxes owed as possible. An unknowledgeable taxpayer may be excited to be offered an OIC that trims only a low percentage of money off the total tax liability. Through knowledge, skillful application of the law and a clear demonstration of financial circumstances, an experienced tax attorney can often arrange a more acceptable OIC, based on the taxpayer's ability to pay.

It Makes Sense To Put A Knowledgeable, Experienced Tax Lawyer On Your Side

If you reside or operate a business in Northern California and need to respond to an IRS tax notice for tax liabilities due, or are facing an audit, don't talk to the IRS until you talk to me. I am IRS tax settlement attorney Brian L. Coggins in Roseville. I have years of experience helping taxpayers reduce their tax debt permanently.

In addition to negotiating an OIC, I can also help you with other tax collections solutions, including:

What Are The Conditions You Need To Meet For An Offer In Compromise?

Before accepting an OIC, you will need to make sure you can meet the obligations put in place by the IRS. These include an agreement to:

  • Remain current on filing and meeting your tax liabilities for five years following the date of the OIC
  • File and pay all estimated tax liabilities or employment withholding taxes for the current year

Failing to meet these conditions will mean you default on the OIC and are subject to full repayment of your tax liabilities.

Call An Experienced Northern California IRS Offer In Compromise Tax Lawyer

From my office in Roseville, I represent clients in state and federal tax law resolution and collections matters throughout Northern California. Call 916-270-2312 or contact my office by email to arrange a free initial consultation and evaluation of your tax problem.