The IRS Offer in Compromise is a program set up to allow taxpayers with sizable IRS debts that they will likely never be able to pay, to settle for a reduced amount - sometimes even for 'pennies on the dollar.'  The IRS Code states it as so:

"The IRS will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122). 

The IRS Offer in Compromise is not a negotiation though. Instead, it is a formal, written procedure whereby a taxpayer must show that it is in the best interest of the IRS to accept settlement. Think of it as a business decision on their part: they will accept your Offer as a compromise for settlement if they perceive that they will be better off taking a reduced amount from you rather than trying to "squeeze blood from a turnip." 

The IRS Offer in Compromise program can be tremendously helpful to the struggling taxpayer, but the process is not simple. (A helpful Rule of Thumb: When it comes to dealing with the IRS, Nothing is Simple!)  Even a single miscalculation or omission could doom your Offer to the Reject pile. In fact, many more IRS Offer in Compromise proposals are submitted each year than are accepted.  However, professional preparation dramatically increases the odds of success.  At Sensible Solutions Tax Relief, our IRS Offer in Compromise acceptance rate is far higher than the IRS average, in large part because we pre-qualify our clients to make sure that an Offer fits their circumstances. We will never file an Offer in Compromise for someone unless we are confident that it will be accepted!

The key to the IRS Offer in Compromise procedure is to determine the lowest amount that the IRS will accept from you before you ever make the Offer. Sensible Solutions Tax Relief uses the same software and methodology to evaluate your case that the IRS does, and we offer a FREE initial consultation which will tell you what sort of tax debt resolution you qualify for right up front. We take great pride in providing straightforward answers to taxpayers and bringing them REAL TAX RELIEF.

Even if a taxpayer does not qualify for the IRS Offer in Compromise, there are several other programs available for back tax relief.  Most taxpayers will qualify for some form of resolution or another, so feel free to read through this web site, which will help you explore your options. 

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