Offer In Compromise (OIC)
Tax Resolution Services in San Jose, CA
The Offer in Compromise is for Taxpayers who are currently in financial hardship or would be placed on financial hardship if they started to pay their tax debt to the IRS. The Offer in Compromise is for Taxpayers with minimal or no assets and minimal disposable income. This program is a lengthy process, not automatic and requires quite a bit of work and intrusive financial documentation. If approved, the Taxpayer can settle the IRS tax debt for pennies on the dollar to be paid within 6 months and up to two years. There have been cases where the Taxpayer paid few thousand dollars for several hundred of thousand dollars tax liability.
Tax Armour Inc. has a high rate of OIC approval because taxpayers who qualify are only considered for this program. The OIC is not 100% guaranteed to be approved only high probabilities of approval.