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Offer-in-Compromise

Are you interested in attempting to settle your tax debt with the IRS?  

You have probably seen and heard dozens of TV and radio commercials sponsored by a “tax resolution companies” telling you that you can settle your IRS debt for “Pennies on the Dollar” by filing an Offer-in-Compromise. Most of these companies use salesmen who work on commission to pressure you, scare you, and give you an unrealistic expectation that your case will be settled for much less than what you actually owe in order gain your business. 

The reality is that it is actually extremely difficult to settle your case with the IRS for less than what you owe.    The reality is that filing an Offer-in-Compromise can be a terrible mistake that actually makes your problem with the IRS much worse than it already is.   

You may be one of the few that actually has a reasonable chance of settling with the IRS. If you want a legitimate consultation from an actual Tax Attorney, call us Toll Free at 1-800-880-0TAX.  

What is an Offer-in-Compromise?

An Offer-in-Compromise is an offer that is made by a taxpayer to the IRS to settle a tax liability for less than the amount that is actually owed. 

Are there requirements for filing for an Offer-in-Compromise? Before processing an Offer-in-Compromise the IRS requires taxpayers to be in compliance with at least six years of prior tax filings, complete a collection information statement, and provide other supporting documentation.   From a taxpayer’s perspective, it is extremely important to review the statute of limitations on collection to determine how much time the IRS has to collect a tax liability before the tax liability expires. Filing an Offer-in-Compromise stops the statute of limitations on collection from running.  

How much do I have to offer the IRS?

The amount of the offer depends on the facts and circumstances of each individual case.   The IRS generally expects to receive 100% of the net equity value of all of the Taxpayer’s assets. In addition, the IRS will compare a Taxpayer’s monthly income to their monthly expenses to determine how much the Taxpayer can pay in the future. This is commonly referred to as determining the “reasonable collection potential.”

Why should you retain our Firm?

We will only file an Offer-in-Compromise with the IRS if we believe that it will have reasonable chance of being accepted after taking into account the facts and circumstances of your case.


The Law Office of Teig Lawrence assists clients with a wide range of tax issues in the State of Florida including in Miami, Fort Lauderdale, Jupiter, Broward County and Palm Beach County and Internationally. Our office also assists clients with matters related to Swiss Bank Accounts, UBS, LGT, Wegelin, HSBC, Credit Suisse, Julius Baer, Bank Leumi, Deutsche Bank, Basler Kantonalbank, Neue Zuercher Bank, Z├╝rcher Kantonalbank, Korean / U.S. Enforcement Initiative, IRS & DOJ Announcements, 2012 Swiss Bank Settlement, Canadian Tax Relief, FATCA and John Doe Summons.



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