OFFER IN COMPROMISE
Unable To Pay Your Tax Liability?
Our San Antonio Tax Attorney can work with you to review and gather your existing financial information to ensure the IRS receives accurate facts.
If you qualify, we can assist you every step of the way through the process. Essentially, they give you a specific, lower amount which you can pay to settle your total tax liability.
An Offer in Compromise may be offered instead of litigation under the following circumstances. The IRS:
- Doubts if you will be able to satisfy your liability
- Doubts whether your tax liability is accurate
- Sees that the repayment of the total balance would cause significant hardship
[Free Report] - How To Legally Reduce The Amount You Owe The IRS
An Offer in Compromise can reduce what you owe the IRS when paying in full would cause financial hardship or when there's genuine doubt the full balance could ever be collected. Get my free offer in compromise report instantly for the full details on how the process works.
Offers in Compromise Conditions
The IRS will review all of your expenses, income, assets, as well as your liabilities to determine if you are able to pay your current liability. Based on the information provided to them, they will make a decision including an amount.
In order to be granted an offer in compromise from the IRS, you must meet very specific conditions set by the IRS. The conditions for an offer in compromise include:
- You must remain current in filing and paying taxes or withholding taxes for the current year
- You must stay current on filing and paying taxes for the next five years
Attorney Tony Ramos is a native Texan and skilled in the field of tax payment, with 40 years of legal experience to use to your advantage.
We pride ourselves on our availability and our dedication to our clients' success.
San Antonio Tax Payment Attorney
Our Tax Resolution Attorney at The Law Office of Tony Ramos, P.C., works with individuals and business clients across San Antonio, TX* who have significant liabilities that they cannot pay back to the IRS.
An offer in compromise (OIC) is an agreement made between the IRS and a taxpayer with an outstanding balance to settle their liability.
If the IRS believes that you do not have the ability to pay back what you owe, or that collecting the full amount would create financial hardship, it may accept a lower amount through an OIC. Qualifying generally requires a full financial disclosure on Form 433-A (or 433-B for a business) so the IRS can evaluate your income, expenses, and assets — every case is different.
Have queries about an Offer in Compromise?
Talk to our Tax Payment Attorney in San Antonio, TX!
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*as of 2019 we provide tax resolution services for clients worldwide, via zoom meeting or phone call.