IRS Offer in Compromise - Settle Your Tax Debt for Less With Better Tax Relief
Struggling with overwhelming tax debt? Better Tax Relief (BTR) is here to guide you through the IRS Offer in Compromise (OIC) program, a solution that could significantly reduce what you owe. Whether you’re facing financial hardship or simply can’t pay the full amount, our team at BTR specializes in helping taxpayers like you settle with the IRS for less, giving you a fresh start. Curious about how it works? Let’s break it down and explore how BTR can support you every step of the way, or check out our Free Tax Consultation to get started.
What Is an Offer in Compromise?
Who Qualifies
Taxpayers facing financial hardship or unable to pay full debt due to limited income or assets.
Program Benefit
Can reduce total tax debt to a fraction of the original balance, sometimes under 20%.
Required Documentation
Detailed financial statements, proof of income/expenses, and asset valuations.
Approval Rate
Approximately 30-40% of OIC applications are approved by the IRS.
IRS Considerations
Evaluates income, living expenses, asset equity, and future earning potential.
How Better Tax Relief Helps You Get Approved
At Better Tax Relief, we know the IRS OIC program inside and out, and our experienced team is dedicated to maximizing your chances of approval. From crafting a compelling application to negotiating with the IRS, we handle the heavy lifting so you can focus on moving forward. If an OIC isn’t the best fit, we’ll explore alternatives like Currently Not Collectible status or other tax relief options tailored to your needs. Here’s how BTR sets you up for success:
Thorough Financial Analysis
We dive deep into your income, expenses, and assets to build a strong case for your IRS settlement offer.
Strategic Application Preparation
Our team ensures your offer in compromise form is complete, accurate, and backed by solid evidence.
Expert Representation
We communicate directly with the IRS, advocating for your case and addressing any follow-up requests.
Customized Solutions
If OIC isn’t viable, we recommend the best path forward, whether it’s Tax Levy relief or another solution.
Ongoing Support
From initial consultation to final approval, we’re with you every step, answering questions and providing clarity.
Why Choose BTR for Your Offer in Compromise Application?
01
Experienced Tax Professionals
02
Personalized Strategies
03
Comprehensive Support
From paperwork to IRS negotiations, we handle every detail with care and precision.
04
Transparent Process
We keep you informed at every step, ensuring no surprises along the way.
Offer in Compromise FAQs
An Offer in Compromise is an IRS program that lets you settle your tax debt for less if you can’t pay the full amount. You submit a proposal based on your financial situation, and the IRS decides if they’ll accept it.
Taxpayers who can’t pay their full tax debt due to financial hardship or limited assets may qualify. The IRS reviews your income, expenses, and assets to determine eligibility.
Savings vary, but successful OIC applicants often settle for 20% or less of their original debt. Your offer depends on what the IRS believes they can realistically collect.
The IRS typically takes 6-12 months to review an OIC application. Working with BTR can help ensure your application is complete to avoid delays.
Yes, but many applications are denied due to errors or incomplete documentation. Professional help from BTR improves your chances of approval significantly.