Offer In Compromise

Under federal and New York State laws, if a taxpayer does not have sufficient assets or income to full pay his or her tax liabilities, the taxpayer is entitled to make an offer to pay less than the full amount of the tax debt. The Offer-In-Compromise (OIC) program is a very powerful tax relief program that can legally reduce your tax debt by thousands and hundreds of thousands of dollars, or even eliminate it completely. Your IRS debt may be reduced to something you can afford to pay, not the insurmountable amount you allegedly owe.

An Offer-In-Compromise is an application process where the taxpayer attempts to demonstrate that he/she does not have sufficient assets or income to pay his/her tax debt in full. Taxpayer may then make an offer to pay a smaller sum.

Under appropriate circumstances, a taxpayer’s tax debt may be totally extinguished through an Offer-In-Compromise program.

Under appropriate circumstances, a taxpayer’s tax debt may be totally extinguished through an Offer-In-Compromise program.

Are you unable to pay your tax debt in full? If you do not have sufficient assets or income to pay your tax debt in full, call us for a no-risk FREE consultation to see if you qualify for an Offer-In-Compromise.

At Thorgood Law Firm, our New York tax attorneys have years of experience negotiating OIC settlements with the IRS. If you truly cannot full pay your tax debt, we can help you navigate the Offer in Compromise process.

Our experienced tax attorneys have successfully helped many taxpayers reduce or extinguish their tax debt with the IRS or New York State. Give us a call today for a no-risk evaluation, to see whether you qualify for the OIC program.