OFFER IN COMPROMISE

We have all seen cable television ads run by scammers claiming they can settle IRS debts for “pennies on the dollar,” and using “ex IRS agents” to help. These claims are almost always false.

In my experience, the IRS vehemently opposes most Offers in Compromise, and will use every factual and procedural device to avoid granting one. I have successfully obtained dozens of them — though they are the exception, they do work in the right cases. An experienced tax representative should be able to look at your situation and tell you whether an Offer in Compromise will work during your very first conference. Don’t tie your hopes to an Offer in Compromise. They are infrequently granted and there are often other — and often better  — choices to resolve tax debts.