OFFER IN COMPROMISE

The Offer in Compromise, or also known as OIC, is a program that allows a taxpayer to settle their delinquent taxes for LESS than the total amount the IRS claims they owe. It is the most widely used of all tax relief programs. In addition, new tax laws have given fresh hope to those who previously did not qualify for an OIC under old legislation.

Our staff at Barouti Financial Services has the skills and experience to determine whether an Offer in Compromise is the program for you. Retaining our tax professionals guarantees you piece of mind. You can rest assured: The Offer in Compromise can settle your tax bill for LESS than the IRS claims you owe! We know all updated OIC administrative procedures and tax laws.

We have considerable weapons including Special Circumstance Cases and Appeals and we know that a prepared and calculated approach is the only way to maintain our excellent track record of consistent OIC acceptance. If you qualify for the Offer in Compromise program, you can save thousands of dollars in taxes, penalties and interest. We negotiate negotiate settlements on all types of taxes on behalf of taxpayers, including most payroll taxes, penalties, and interest.

The OIC program provides taxpayers who owe the IRS more than they could ever afford to pay the opportunity to pay a small amount as a full and final payment.

Most commonly, a "Doubt as to Collectability" (DATC) type of Offer in Compromise is submitted and negotiated on the basis of a taxpayer's inability to pay the full amount claimed by the IRS. This approach also takes into account the taxpayer's current financial position including the taxpayer's equity in assets.

The OIC program also allows taxpayers that do not agree that they owe the tax or feel that the tax has been incorrectly calculated, an opportunity to file an Offer in Compromise- Doubt as to Liability (DATL) and have their tax liabilities reconsidered.

Contact us today and we will help you utilize your right to appeal to the IRS.