Another Successful Offer in Compromise – $143,000.00 reduced to $22,913.00

We received confirmation of another successful offer in compromise today.  Our client owed the IRS approximately $143,000.00 in income tax debt and was facing several years of installment payments before the IRS collection statute ran out.  He wasn’t a candidate … Continue reading

I should qualify for an Offer in Compromise, so why Bankruptcy?

IRS Offer in Compromise vs. Bankruptcy This is a great question and there is really a one sentence answer to it… that goes like this. If your debt problem is primarily the result of tax debt, and if you qualify … Continue reading

Can I Really Settle My IRS Tax Debt for Pennies on the Dollar?

IRS tax debt?   “Pennies on the dollar”. There may not be a better slogan ever invented.  I mean who wouldn’t want to settle their debt for just a fraction of the amount owed. The problem is that it may … Continue reading

I filed an Offer in Compromise on my own and it was rejected because I left out an asset…what now?

When you file an Offer in Compromise with the IRS, and you are making the claim that you don’t have the income or assets to pay the debt under the “Doubt as to Collectability” rules, the IRS will do everything … Continue reading

My Offer in Compromise was rejected by the IRS, Should I just pay the debt in full as fast as I can?

An IRS Offer in Compromise can be a great tool to reduce your tax debt.  However, in order to make it work, you have to convince the IRS that you don’t have enough income and assets to pay the debt … Continue reading

Contemplating an IRS Offer in Compromise? 6 tips that will help your cause

If you have IRS tax debt, I don’t care what you say, you have been contemplating an IRS Offer in Compromise. You are searching the internet, reading every article you can find. You have probably spoken to a few tax … Continue reading

IRS Levy – IRS Froze my Bank Account – When Can I Use it Again

A common concern once the IRS Levies or “freezes” a bank account is whether it will remain in place as to all future deposits. In other words, can the frozen account still be used to make deposits and pay bills? … Continue reading

TAX DEBT AND HIGH INCOME? Bankruptcy may be the solution

Tax Debt and High Income?  Bankruptcy may be the solution More than 1 million people each year file for bankruptcy in the United States. That number always incudes some famous types. Yes famous and “important” people use Bankruptcy. In fact … Continue reading


As you already know, in May 2012, the IRS published new guidelines regarding its for its IRS offer in compromise (OIC) program. It did this in relation to it’s “Fresh Start” program. The purpose of the changes was to help … Continue reading

IRS Offer in Compromise – Extensive preparation is key to success

IRS Offer in Compromise – Extensive preparation is key to success I never met Mr. Bell. He passed away just a few years before my time. However, when I read about his life I come away convinced that he had … Continue reading

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