IRS Offer in Compromise

The Internal Revenue Service (IRS) sometimes allows taxpayers to settle a tax bill for less than the full amount of back taxes owed. Speak with a lawyer from the W Tax Group to see if an offer in compromise is right for you.

Sometimes, you just can’t pay your taxes. Fortunately, there are ways to get those collection calls from the IRS to stop. The IRS offers a variety of programs meant to help taxpayers get caught up on their taxes.

One option is called an IRS offer in compromise. This settlement option can help you settle your tax bill for less than the total amount owed. Speak with an attorney at our firm to see if this program will work with your tax situation.

What Is an Offer in Compromise?

An offer in compromise is a settlement that the IRS agrees to in order to settle your tax liability. If you qualify, you can be allowed to settle your tax debt for less than the full amount owed. The IRS will look at your unique situation to see if you qualify for an offer in compromise.

Some of the things the IRS considers when deciding whether you will be allowed to settle your tax liability are as follows:

  • Your income
  • Your ability to pay your taxes
  • Asset equity
  • Your expenses

Additionally, if you are in the process of filing bankruptcy, you aren’t eligible for an offer in compromise. The IRS won’t approve everyone for an offer in compromise, but it may be a good option for you. The IRS may approve a settlement if it believes the offered amount is the most it can expect to obtain within a reasonable amount of time.

Am I Eligible for an IRS Tax Debt Settlement?

There are many eligibility requirements for the Internal Revenue Service offer in compromise program. Understanding these requirements can be difficult, so it’s usually helpful to have your lawyer review your tax situation to see if you’re eligible. Here are some of the general eligibility requirements for this program:

  • You must have filed the appropriate tax returns.
  • You must have received a bill regarding at least one of the tax debts you’ve included in your offer.
  • You must have made all required estimated tax payments during that year.
  • You must not be reasonably capable of paying your tax bill in full.

An IRS Lawyer Can Help with Your Offer in Compromise

If you believe you might be eligible for an offer in compromise, contact a lawyer to review your circumstances today. Your lawyer can go over your finances and other eligibility requirements to see whether you qualify for this IRS program to settle your tax debt.

Trying to handle this process on your own is stressful and overwhelming, but luckily, you don’t have to do this without help.

To speak with a lawyer about your eligibility for an IRS offer in compromise, contact the W Tax Group right away. Your tax debt has been hanging over your head for far too long—now’s the time to make things right. Give us a call at 1-877-500-4930 or fill out the form below to receive your free tax debt analysis.


The W Tax Group | 400 Galleria Officentre Suite 210 | Southfield, MI 48034 | 877-500-4930 | Fax: 888-839-5121 |

8.3Stephen A. Weisberg
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