Tax Resolution Services

Offer in Compromise

An Offer in Compromise allows you to settle your tax debt for pennies on the dollar. There are three reasons why the IRS would accept in Officer in Compromise:
  • Doubt as to Liability Meaning the tax assessed is incorrect
  • Doubt as to Collectability Meaning the person can demonstrate they will likely never be able to pay the full tax debt due to financial hardship or other compelling reason (this is typically the most common circumstance).
  • Effective Tax Administration Meaning the person is not disputing the amount of tax debt, but instead, collecting the debt would create an injustice (often used for the elderly or disabled).

An Offer in Compromise in the past often involved a significant amount of paperwork and long wait times. But the Fresh Start program can fast track the process in some circumstances. Understand an Offer in Compromise has a low acceptance rate. But a tax professional can greatly increase your case’s chances. Contact Morris and Associates for a FREE consultation so we can determine the best solution for you.