Offer in Compromise

An offer in compromise allows you to pay back less than the full amount of your unpaid tax liability. Under certain conditions, the IRS will approve an offer in compromise if they doubt as to whether they will ever collect the full amount.

An offer in compromise is not simply "pennies on the dollar" as frequently advertised on television or radio ads. The taxpayer's offer must be based on the full "reasonable collection potential" which is based on your net realizable assets and future income. On average, the IRS has rejected over 70% of applications for offer in compromise. However, The Taxperts will review your tax liability and personal financial situation to determine your eligibility and help your chances of approval.