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Offer in Compromise

For millions of Americans, tax debt is a significant problem. However, those in a situation of financial hardship may be able to eliminate their overall tax debt by pursuing an offer in compromise. This option allows those who are unable to fully repay their tax debt to fulfill their financial obligations while paying less than the full amount.

If you or someone you know has overwhelming tax debt, an experienced legal professional can help you to understand your options and choose the best available course. Contact the tax relief lawyers of the Tax Relief Law Center today by filling out our contact form, and we will get back to you as soon as possible to discuss your situation.

Offer in Compromise Eligibility

In order to qualify for this potential tax relief option, a tax debtor must first meet the IRS requirements. No specific guidelines have been established for eligibility; instead, cases are considered on an individual basis. Aspects which can affect eligibility include:

  • Ability to pay
  • Income
  • Expenses
  • Assets

The IRS considers these factors before determining whether or not to accept an individual’s offer in compromise for resolving tax debt.

Contact Us

If you or someone you know would like to discuss your tax relief options with an experienced legal professional, we can help. To speak to the tax relief attorneys of the Tax Relief Law Center, fill out our online contact form and we will get back to you as quickly as we can to help you understand what you can do about tax debt.