Offer in Compromise
Regain financial control and a fresh start through our specialized Offer in
Compromise service.
Definition
An Offer in Compromise (OIC) allows eligible individuals to settle their tax liabilities for less than the full amount owed. It’s a negotiated agreement between taxpayers and the taxing authority to find a mutually agreeable resolution.
For those facing financial hardship, an Offer in Compromise provides much-needed emotional and financial relief. By demonstrating an inability to pay the full amount, individuals can significantly reduce their tax liability.
While an Offer in Compromise is not guaranteed to everyone, it can be a great option for those that qualify. It involves a careful evaluation of your financial situation, including income, expenses, assets, and future earning potential. Successfully navigating this process requires a solid understanding of tax laws, regulations, and the specific steps involved in preparing and submitting a compelling offer package.
How it works
To initiate an Offer in Compromise, we thoroughly assess your finances, including income, expenses, assets, and future earning potential. We then determine your eligibility and gather the necessary documentation. Next, we submit your offer to the IRS or relevant tax agency for review. They carefully consider factors such as your ability to pay, asset value, and projected future income.
If your offer is accepted, you can settle your tax debt for an agreed-upon reduced amount. Navigating the OIC process requires preparation, meeting deadlines, and providing accurate documentation. Professional assistance drastically improves your chances of successfully being granted an Offer in Compromise
How we can help
The team at Andrid Tax Relief understands OIC eligibility and can explore the best alternative payment options for you. Our experienced team can provide a personalized assessment of your tax situation, guidance on the right path for you, and expert assistance throughout the entire process.
Recommended Reading
Celebrating Jeremy Andrin’s Achievement as an Enrolled Agent!
We are excited to announce that Andrin Tax Relief’s Founder and CEO, Jeremy Andrin, has officially earned his certification as an Enrolled Agent (EA). This prestigious credential is a testament to Jeremy’s dedication and expertise in the field of tax law. As an EA, Jeremy is now recognized as a
IRS Fresh Start Program Explained: How Illinois Taxpayers Can Benefit
Struggling with tax debt can be overwhelming, but for Illinois taxpayers, the IRS Fresh Start Program offers a path toward relief. Whether you’re an individual or running a business, nagging tax debt can weigh anyone down. This program offers helpful payment plans and can help mitigate tax penalties to keep
Our Solutions Approach
By simplifying our process to three easy steps we’re able to focus on crafting tailored solutions that will make a strong case against the IRS — and cut the time typically needed to resolve the problem.
Consultation and Guidance
1
All clients that work with Andrin will undergo a consultation with our team of experts to understand your needs and guide you through your next steps.
Problem Solving and Planning
2
After we’ve gathered all the data needed, our experts take over all communication with the IRS and start building a comprehensive plan that will get you the tax relief you deserve.
Freedom and Resolution
3
Once we’ve built a solid plan to support your case, we negotiate with the IRS on your behalf. Your tax relief matters to us and we will not stop until your case is settled.
Frequently Asked Questions
What is Tax Relief?
Tax relief is about getting you out from under federal and state tax debt, by knowing the multitude of tax laws and programs created by the IRS and State taxing authorities. With Andrin Tax Relief, you get professional help to manage all this, including penalty abatements, partial payments, removal of wage garnishments, and offers in compromise. Contact us today to find out which program you qualify for.
How should I choose a Tax Relief service?
There are some unscrupulous tax resolution vendors out there. First, be wary of guarantees. While Andrin Tax Relief can get you the best arrangement the IRS will offer, it takes working together to determine what is best for you. Start by reaching out to us for a safe, secure, no-obligation consult, and you will quickly see why our clients trust us.
How do I qualify?
There are three areas that the IRS looks at when reducing a tax debt: Income, expenses, and assets. We can analyze all of this for you and ask the right questions to see what you can qualify for. We will cover your unique issues, including health care costs, errors in prior tax returns, and job and income fluctuations – there may be several things you hadn’t considered that can help you reduce your debt.
Can you help me if I'm not local?
Yes! We are licensed to represent clients in all 50 states. We have the technology set up with the IRS to handle your negotiation without the costly travel. Hiring Andrin Tax Relief in Illinois is very likely your most affordable, reliable choice.
How quickly can Andrin help me?
Some things can be started right away – like stopping wage garnishment or liens on your assets. Depending on your case details, it can vary from a few short weeks to a few months. The most important thing is to start now and find out what steps we need to take next to protect you. We will give you consistent attention, regular communication, and experienced, professional help until your get your tax debt relief!
Free Guide
The 7 Secrets the IRS Doesn’t Want You to Know
Empower yourself with knowledge on how to beat the IRS at their own game. Discover the 7 secrets now!
Andrin Tax Relief is Recognized By
More Services
Let us help you solve your tax problems.
Leave your tax worries to an expert today. Andrin Tax Relief will handle everything for you.
Let us help you solve your tax problems.
Leave your tax worries to an expert today. Andrin Tax Relief will handle everything for you.
