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Block Advisors Tax & Business Services

Preparation of Tax Returns for Non-Filers

Tax Deficiencies Owed to the IRS

IRS Representation

Appellate Division Protests

Installment Agreements

Offer in Compromise

IRS tax Specializations

tax problem: do you qualify for an offer in compromise?

Yes, you may qualify for an offer in compromise, but there are things you need to know, and facts we need to know, to determine whether your circumstances warrant an Offer in Compromise.

First, you should know what an Offer in Compromise is.

An Offer in Compromise is a settlement of delinquent taxes owed for less than the full amount due. The IRS can compromise a tax based upon doubt to its liability, collectability, or for other reasons, including causing potential hardship --where collecting the tax would create economic hardship, or would be unfair and inequitable.

Clearly, a consultation with Ira S. Lipkin would be your first, critical step for this detailed procedure. And though you may hear that an Offer in Compromise is the ultimate cure for your problem, an Offer in Compromise does not always work. You must meet the IRS criteria or you will be wasting your time and money.

We have years of experience representing clients in this area, and we fully understand the IRS process. Do you qualify for an Offer in Compromise?