Offer in Compromise Archives

Aug 11

Offer in Compromise Program: Why the IRS Might Return or Reject Your Offer

By Salvatore Bochicchio Offer in Compromise

The Offer in Compromise program (OIC) allows taxpayers to settle their tax debt with the Internal Revenue Service (IRS) for less than the total amount owed. While this can be a helpful option for those facing significant financial hardship, the…

Jul 05

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Seven Things To Consider About The IRS Tax Forgiveness Program

By Salvatore Bochicchio Offer in Compromise

Sometimes unforeseen circumstances can create financial hardships that make it difficult for individuals and businesses to meet their tax obligations. To alleviate some of the financial strain, the IRS offers a Tax Forgiveness Program, officially known as an Offer in…

Nov 10

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Offer in compromise reasonable collection potential

What Is Reasonable Collection Potential?

By East Coast Tax Consulting Offer in Compromise

If you’re trying to qualify for an Offer in Compromise (OIC) with the Internal Revenue Service, but you aren’t sure about your odds of success, consider what the IRS calls your reasonable collection potential (RCP). It is used to determine…

Oct 29

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frequently asked questions written on notepad

Offer in Compromise Frequently Asked Questions

By Taylor Flynn Offer in Compromise

An Offer in Compromise (OIC) is a strategy taxpayers can use to resolve their back taxes. Taxpayers who can’t afford to pay their debt in full or over time with an installment agreement can submit an OIC to the IRS.…

Sep 06

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5 Offer in Compromise Mistakes You Don’t Want to Make

By East Coast Tax Consulting Offer in Compromise

The IRS Offer in Compromise program is popular with both tax resolution professionals and taxpayers dealing with back tax problems. The program allows qualifying taxpayers to settle their back taxes for less than the amount they owe. However, before submitting…

Jul 14

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Offer in Compromise vs Chapter 7 Bankruptcy for Tax Debt Resolution

By East Coast Tax Consulting Offer in Compromise

You’re facing back taxes you don’t think you’ll be able to pay in full. You’ve done some research on your options. You may have even contacted a tax resolution professional for a free consultation. Now, you’re looking at an offer in…

Jul 22

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What is the IRS Offer in Compromise Program?

By East Coast Tax Consulting Offer in Compromise, Tax Relief, Tax Resolution Strategy

We all have a responsibility to pay our taxes each year. But what happens when the amount you owe has spiraled out of control? (more…)

Oct 25

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Settle Your Georgia Tax Problems with an Offer in Compromise

By East Coast Tax Consulting Offer in Compromise

Some taxpayers who come to us seeking an IRS tax settlement also owe state income taxes. Each state has its own rules and regulations to resolve back taxes. For those taxpayers who have Georgia tax problems, you should know that…

Jan 07

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Don’t Make These Mistakes When Filing an Offer-in-Compromise-Part 3

By East Coast Tax Consulting Offer in Compromise, Tax Relief

This is the final blog in our three part series discussing common mistakes made when submitting an Offer-in-Compromise. Retaining the services of a qualified tax resolution professional will help you avoid these errors. (more…)

Dec 29

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Don’t Make These Mistakes When Filing an Offer-in-Compromise-Part 2

By East Coast Tax Consulting Offer in Compromise

In our previous blog we discussed the mistake of not considering the remaining statute of limitations on collections before filing your Offer-in-Compromise. Here we discuss mistakes made in calculating a taxpayer’s future income which is used in determining your Offer…

Offer in Compromise Program: Why the IRS Might Return or Reject Your Offer

Seven Things To Consider About The IRS Tax Forgiveness Program

What Is Reasonable Collection Potential?

Offer in Compromise Frequently Asked Questions

5 Offer in Compromise Mistakes You Don’t Want to Make

Offer in Compromise vs Chapter 7 Bankruptcy for Tax Debt Resolution

What is the IRS Offer in Compromise Program?

Settle Your Georgia Tax Problems with an Offer in Compromise

Don’t Make These Mistakes When Filing an Offer-in-Compromise-Part 3

Don’t Make These Mistakes When Filing an Offer-in-Compromise-Part 2

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