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Offer in Compromise: How to Get the IRS to Accept Your Offer?


The IRS is sometimes known for being a difficult organization to deal with. If you’re having trouble getting them to accept your Offer in Compromise (OIC), you might feel like you’re out of options. But you might be surprised to know that there is actually a way to get them to accept your offer in compromise.

Here, we discuss what you can do to improve your chances of getting approved. So be sure to keep reading to learn more about Offers in Compromise. And if you need an IRS tax lawyer in Sarasota, Florida firm to assist you in dealing with the IRS, contact the Law Offices of Mary E. King today.

The Basics of an Offer in Compromise

An Offer in Compromise is an agreement that sets out the terms under which a taxpayer will pay their tax debt. In most cases, the offer would be made before or after litigation with the IRS has begun. The offer must be accepted by the IRS in order for it to be valid.

The IRS will only accept an offer if it is deemed reasonable. This means that the IRS will determine whether or not your offer is fair, taking into account your income and expenses. The reasonableness of an offer can vary from individual to individual based on factors such as age, health, and other personal circumstances. 

An Offer in Compromise may also be necessary if you are experiencing financial hardship due to circumstances like unemployment or medical emergencies. If you feel that you might qualify for this type of negotiation, there are many resources available to help you get started with preparing your offer.

When Should You Consider an Offer in Compromise?

If you’re not sure whether an offer in compromise is right for you, it’s important to understand some of its benefits. The IRS has certain criteria that need to be met before they will accept an offer in compromise. You’ll need to have a true indication that your income doesn’t exceed the poverty line (at or below 250%) and that assets are worth less than the amount of debt incurred.

How to Get Your Offer Accepted by the IRS

There are a few things you can do to get your offer accepted by the IRS.

You will first need to make sure that all of your tax returns are filed before applying for an Offer in Compromise. If you haven’t yet done so, your attorney can assist in this matter before proceeding further.

It is important to make sure that your financial circumstances fit the criteria for acceptance before submitting your offer. If it’s clear to the IRS that you can’t immediately pay off your debt, they are more likely to consider approving your OIC.

The IRS has certain requirements when accepting an offer in compromise. If paying your tax debt in full will cause you financial hardship, you’re more likely to get approved.

Tax errors on the IRS’s part also increase your chances of getting approved. For example, if the IRS mistakenly determines that you owe more than you actually do, an OIC is more likely to be approved.

Hire an IRS Tax Lawyer to Assist You

You can improve your chances of getting your Offer in Compromise approved by hiring an experienced IRS tax lawyer. Your attorney has extensive experience in tax law and knows how to effectively communicate with the IRS on your behalf. 

It’s understandable if you feel intimidated by the IRS. This can make it difficult, if not impossible, for some people to deal with the IRS. But when you have an experienced tax lawyer in your corner, you can let them do the talking to ensure a greater chance of success.

If you’re approved for an OIC, it’s imperative that you make sure to pay off your tax debt as per your agreement with the IRS. Your tax attorney can assist you in this matter and help you determine how much you can reasonably afford to pay each month until your debt is paid in full. This is why it’s so important to hire a tax lawyer who knows how to deal with various tax matters.

Call IRS Tax Lawyer Florida Mary E. King Today

Mary King has more than 30 years of experience in dealing with the IRS and tax law. So if you need an advocate to assist you in getting your Offer in Compromise approved, call the Law Offices of Mary E. King today. You can arrange a consultation by calling 941-906-7585 or completing this contact form.

The information in this blog post is for reference only and not legal advice. As such, you should not decide whether to contact a lawyer based on the information in this blog post. Moreover, there is no lawyer-client relationship resulting from this blog post, nor should any such relationship be implied. If you need legal counsel, please consult a lawyer licensed to practice in your jurisdiction.

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