Offer in Compromise IRS Tax Representation
An offer in compromise is a settlement of your tax debt for less than the original balance. Huddleston Tax CPAs can help you make the most of your offer and compromise settlement. There are many circumstances where you can settle your IRS tax debt for less. The IRS will settle for less than the original balance of debt, when it is clearly established that you are not able to honor the debt.
How do I know if I qualify for an offer in compromise?
Proceeding successfully through an offer in compromise is dependent upon successfully valuing your worth (income, and assets) versus your outstanding IRS tax debt. If you have an income that is (in the eyes of the IRS) capable of clearing the full balance of your debt, or if you have assets that could through sale pay the full of your debt you will not qualify for an offer in compromise. A trusted adviser, can help guide you successfully through an offer in compromise, so that you obtain the maximum benefit through the process.
We can help you go after:
- Cash Offers–we can help you effectively reduce your debt
- Short-Term Deferred Payment Offers–we can help you effectively reduce your debt
- Deferred Payment Offers–we can help you effectively reduce your debt
We’ll discuss your options and get you up to speed. Seeking offer in compromise debt relief need not be so stressful, we’re experienced in the process and can help elevate some of the uncertainty and stress surrounding the IRS debt compromise.
We’re proud to serve businesses in Woodinville, WA.