IRS Offer in Compromise

If you’re facing more tax debt than you can pay off, you may be able to negotiate a tax settlement with the IRS.

East Coast Tax Consulting Group’s experienced team of tax professionals will guide you through the IRS Offer in Compromise process so that you can move forward without the stress of tax debt.

The Tax Settlement Process

When you submit an offer to settle with the IRS, you can avoid bank levies and wage garnishments while your offer is being considered. If you are eligible for an IRS Offer in Compromise, you may also be able to settle your back taxes, interest, and penalties for substantially less than what you owe.

The IRS Offer in Compromise process begins when you submit your offer with the help of one of our tax relief specialists. We will provide the IRS with detailed information about your assets, income, and expenses. The IRS will review and verify these details before deciding whether or not to accept your offer. If the IRS decides your tax debt settlement offer is too low based on your financial condition, they will ask you to increase your offer.

When you submit an Offer in Compromise, you’ll choose a payment option, and send an application fee and an initial payment. This initial payment, as well as subsequent payments, is determined by the amount of your offer and which payment option you choose. Negotiating a tax debt settlement with the IRS on your own can be difficult and confusing. East Coast Tax Consulting Group will help you make your offer and choose your payment option.

Do I Qualify for an IRS Settlement?

Not every taxpayer will qualify for an IRS Offer in Compromise. After a thorough analysis of all the facts, we’ll give you a straightforward recommendation as to whether you should seek a tax debt settlement or an alternative form of tax debt relief. Our CPAs will explain each of your options to you, discussing how they may affect your current and future finances. No matter which solution is right for you, it comes with the knowledge that your tax problem will soon be resolved with the help of trustworthy and experienced tax professionals.

Two people shaking hands

Contact Us

You deserve the best in IRS tax representation, tax preparation, and tax planning services. At East Coast Tax Consulting Group, you’ll work with a licensed CPA who will handle your case from beginning to end. We invite you to contact our team to schedule a free, confidential consultation.