There are several reasons why you may be eligible for an Offer in Compromise:

Offer in Compromise

The Offer in Compromise settlement program exists to provide taxpayers who cannot pay their tax liability in full, an opportunity to pay a portion of their liabilities to fully satisfy the debt. An Offer in Compromise is a formal agreement between a taxpayer and the IRS that resolves the taxpayer's past-due tax liability. The IRS has the authority to settle --- or “compromise” --- federal tax liabilities by accepting less than full payment under certain circumstances. The circumstances that must be met in order to have an Offer in Compromise accepted can be complex and require great diligence and oversight to ensure that one initially qualifies for an Offer in Compromise, and secondly, that the Offer in Compromise can be negotiated for the lowest amount possible.

Our CPA practice educates our clients on how the Offer in Compromise program works so as to not mislead any taxpayer to believe that just because one submits an Offer in Compromise, that it will be accepted. Many firms overtly suggest in their marketing and advertising material that their client’s will save ‘pennies on the dollar’ if they submit an Offer in Compromise.  We have the highest standard of ethics and will do a preliminary analysis to determine if you may be a candidate for such a process; this would be predicated upon information that you supply to us.

Lefstein-Suchoff CPA & Associates, LLC has a proven track record of getting our Client’s Offers in Compromise accepted and thereby saving our clients thousands of dollars. If, on the other hand, we believe that filing an Offer in Compromise will simply waste your time and resources, we will discuss in detail, other resolution strategies to minimize and fully resolve your tax liability. In some instances we may suggest a combination of resolution strategies to resolve the liability in question, so time and energy are not wasted, thereby increasing additional penalties and interest.