Jozwiak Law Offices
Offers in Compromise
What is an Offer in Compromise?
Jozwiak Law has advised many of our clients through the years on how
to successfully eliminate millions of dollars of Federal taxes owed by
taking advantage of the "Offer in Compromise" program. Whether your tax
bill is large or small, and whether or not you have a modest or
substantial income, this program can possibly work in your favor. Further,
there are many states that also offer this type of resolution for tax
problems, but they will undoubtedly be structured differently than the
program offered by the IRS, so conduct your due diligence
Like many legal processes, the "Offer in Compromise" is a negotiation and it can be appealed. After the Internal Revenue Service agrees to process your "Offer in Compromise," the revenue agent assigned to the claim must be convinced that it is a valid one. More times than not, this requires the submission of additional or updated information, and very good negotiating skills.
NOTE: Not all people qualify for an "Offer in Compromise", and you must be very careful not to submit a request if it is not the proper thing to do in your case. Serious consequences could arise as a result. You should always get the opinion of a qualified tax lawyer before proceeding with an "Offer in Compromise", in the hope of resolving your tax problems.
If you feel that any of this applies to you or your situation, do not
hesitate to call us for an appointment.
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