Port St. Lucie Offers in Compromise Lawyer

Helping You Resolve Your Tax Issues and Take Back Control of Your Finances

Harmon Tax Resolution, LLC is a tax law firm dedicated to helping taxpayers throughout Port St. Lucie resolve their IRS tax debts. The IRS is only concerned about how and when this tax debt will be paid. Putting this off will only incur additional penalties, interest, and escalation of IRS collection procedures such as garnishments and or levies. The IRS offers various debt solutions for different situations, one of which certain taxpayers may be eligible for is the Offer in Compromise (OIC). An OIC allows you to pay your tax debt for less than the entire amount owed if it could be proven that paying the full amount would be a hardship.   Since an OIC is very rule-oriented and taxpayer situationally specific, it would be very beneficial to seek the advice of a multifaceted tax attorney CPA EA to determine if this is the best option for you. There could be other options that are less costly and easier to implement and have a greater chance of success than an OIC would in your situation. Therefore, the best option would be to have the proper counsel of tax attorney-CPA-IRS EA Will Harmon, who will address your case from all angles, resulting in a solution that fits your situation.   

Schedule a free consultation with Harmon Tax Resolution, LLC today to get started on your OIC application. Assisting taxpayers in Port St. Lucia, Stuart, and Fort Pierce, FL.

What Is an Offer in Compromise?

An offer in compromise is an agreement between a taxpayer and the IRS that settles the taxpayer's tax liabilities for less than the total amount they owe. Generally, the IRS will not accept an OIC if they believe the liability can be paid in full (either as a lump sum or a periodic payment plan).

The IRS may accept an OIC for any of the following reasons:

• There is doubt as to liability, which is when there is a real dispute about the existence or amount of the correct tax debt. Employing a Tax Attorney CPA-IRS Enrolled Agent would go a long way toward navigating the complex tax code provisions to demonstrate whether the tax code has been misapplied and to advocate this position effectively with the IRS.
• There is doubt as to collectability or doubt that the amount owed is fully collectible. This occurs in cases where your assets and income are less than the full amount of the tax liability. To be considered for this offer, you must make a reasonable offer based on what the IRS considers your actual ability to pay. This option is the most frequently chosen and requires extensive understanding of how to work the guidelines to the maximum potential benefit.
• There is effective tax administration, which is when there is no doubt that the tax is legally owed and that the full amount owed can be collected, but requiring payment in full would either create an economic hardship for you or would be unfair and inequitable because of exceptional circumstances. A multifaceted Tax Attorney CPA EA who could help construct, present, and advocate on your behalf would ensure that your case is presented to the IRS in the best manner possible.