WE GUIDE YOU EVERY STEP OF THE WAY
An offer in compromise lets you settle your tax debt for less than the full amount owed. It may be a valid option if you cannot pay your full tax liability or if doing so would cause financial hardship. We review your specific facts and circumstances, including:
- Ability to pay
- Income
- Expenses
- Asset equity
The IRS generally accepts an offer in compromise when the proposed amount is the most it can reasonably expect to collect in a reasonable period. Before applying, review all other payment options, as this program is not suitable for everyone. At Accounting & Tax Simplified LLC, we guide you through each step of the process. If you qualify, we will prepare and file the required paperwork, helping reduce your stress along the way.