Southern California IRS Tax Settlement Attorneys
IRS Tax Debt Settlement in California
If you owe income taxes, there is a method for settling the amount you owe known as "Offer in Compromise." The federal and state taxing entities created this process by which taxpayers who are unable to pay their tax liability can pay a fraction of the amount owed, much like credit card settlement. However, certain conditions are required for success (see below). Much like credit card settlement, when negotiating an Offer in Compromise, we will contact the IRS or state tax board on your behalf and offer a lesser amount than your liability (the amount you owe).
On This Page:
- Is This a Good Option for Me?
- Do I Qualify for Offer in Compromise?
- What is the Timeline?
- Recent Changes in OIC
- IRS Tax Settlement Video
Need relief from tax debt? Call (800) 996-9932 today to discuss your options with our attorneys.
In 2012, the IRS increased taxpayers' chances of a successful Offer in Compromise by making the qualifications for acceptance more flexible.* The changes allow taxpayers to solve their tax issues in a shorter period of time.* The changes included a revision of the future income calculation (looking less far into the future) and a more generous living expense allowance.* For example, taxpayers may now include credit card payments and bank fees in their allowable living expenses.*