A
complete glossary that provides the ability to quickly
reference specific subjects and information to assist with
the completion of the forms and formulas related to
State and IRS
offer in compromise programs .
This
discussion determines the total amount of your
future income that must be included in your offer in
compromise installment payment offer.
This
article provides specific instructions to determine
the amount of your monthly adjusted income subject
to remittance and we will therefore address issues
related to tax authority imposed financial standard
parameters associated with an Offer in Compromise otherwise know as allowable monthly
expense limits.
This
discussion provides detailed instructions to
determine the amount of your adjusted net realizable
equities or net worth that must be included in the
amount you must include in your offer in Compromise.
This
calculation is the first of four mathematical
components required when preparing an offer in
compromise for
submission.
This
discussion provides information about the IRS
administrative process that occurs after you submit
offers and will therefore explain the issues of
processibility, evaluation and Offer in Compromise financial analysis.
This
discussion provides general information about offers to familiarize
you with IRS eligibility requirements, constraints,
fees, forms and formulas associated with compromising
back taxes before addressing each of these
specific Offer in Compromise issues in detail.
This
article is the last in a series of four articles and
will sum the mathematical components future income
and net realizable equities to determine: reasonable
collection potential or the total amount that you
must offer, payment terms and eligibility.
It
is our objective to answer your questions by providing
the most complete, accurate, comprehensive and trusted
single source of substantive detailed information
available on the web today associated with offers to
compromise. As a consequence, we begin with this
introductory article to provide an overview of the
content and format characteristics of this site and the Offer in Compromise
assistance we provide..
This
discussion explains the impact that errors can have when
preparing IRS or State offers to compromise back
taxes, will provide statistical facts, a buyer beware
warning and tips that will assist with choosing a competent professional and simultaneously protect
you from an unethical State or IRS Offer in Compromise
service providers.
An
explanation of the preliminary Offer in Compromise
assistance we provide to
assure eligibility before you embark on a path that may
result in rejection of your offer.
IRS
OFFER IN COMPROMISE
We have
experienced Accountants and Enrolled Agents who have
helped others just like you prepare, file and
successfully negotiate Offer in Compromise tax
settlements with State and Internal Revenue Service
(IRS) tax authorities. Unlike many of our
competitors we have no minimum debt requirements
because our organization provides an opportunity for everyone
to economically settle their back tax problems.. This site is informational
in nature for those seeking self-help and offers
counsel and representation for those seeking assistance..
The IRS
and most State Departments of Revenue have an Offer in
Compromise tax settlement program that provides an
opportunity for taxpayer's to settle their State and
IRS back taxes, late penalties and interest for an
amount that is less than their outstanding tax debt,
in some circumstances.
These
Offer in Compromise programs collect a percentage of
the outstanding tax debt in the shortest amount of
time at the least cost to the government and are
designed to provide the taxpayer with a fresh start
with the expectation that he/she or they will timely
file and pay their future taxes.
Weather
seeking an Offer in Compromise abatement from State or IRS back tax debt this
site offers the most complete, accurate, comprehensive and
trusted single source
of information available to assist with the submission
of an offer in compromise and
subsequently settle your State and IRS back tax debt.
This site
will provide a general overview of the grounds,
constraints, contractual terms, fees, waivers, forms
and formulas associated with an Offer in Compromise
before providing detailed information to assist with
the computation of the four primary mathematical components
associated with an Offer to Compromise.
The public
is being bombarded by advertisements on TV, in newspapers, by mail, internet
and radio that offer to settle your back tax
debt, late penalties and interest for "pennies on
the dollar". Many of these advertisers have embarked on advertising
campaigns driven by greed and are making false
promises while collecting
excessive fees that are feeding
their egos of self worth and fueling an extravagant
lifestyle, at your expense. In the process many are victimizing people
when they are vulnerable and seeking an offer in
compromise reduction of their back
taxes, late penalties and interest. (Attorneys
Included). As a consequence, we will
conclude with a discussion that will explain the impact that errors can
have on an offer in compromise and will
provide statistical facts, a buyer beware warning and
tips that will assist with choosing a competent professional
and simultaneously provide a degree of protection from unethical offer in
compromise service providers.
In
essence, we will separate fact from fiction, eliminate pie in
the sky hype associated with offers in compromise and provide answers you can rely
on to accurately complete the offer in compromise forms and submit
a viable offer that will successfully settle your back
taxes, late penalties and interest through the Offer
in Compromise programs, once and for all.
PRIVACY
AND SECURITY POLICIES
Our
privacy policy
guarantees that contact by you will not result in future
unsolicited sales calls or correspondence in any form now or in the future.
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