Wednesday, June 19, 2013

Client's Offer in Compromise progressing well...

Our office is currently completing an Offer In Compromise (OIC) for one of my clients.  After months of consultation with the IRS, the client and I appear to be making progress with helping my client attain some needed and warranted tax relief. 

The IRS is very stringent on who they will allow this type of relief.  If you have a decent income that will usually diminish the possibility of obtaining an OIC.  However, if you have a tax debt that doesn't leave many options this may be an answer.

June 24, 2013 UPDATE.  The above mentioned OIC was accepted by the IRS.  The offer my client selected amounted to about $.14 cents on the dollar.