Offer in Compromise

The IRS Offer in Compromise program is an excellent way to reduce or eliminate your outstanding tax debt. Simply put, an OIC Application is a request by the taxpayer to settle their entire account for one small lump sum. Oftentimes, this small lump sum can significantly reduce a taxpayer’s tax burden and reduce and eliminate penalty and interest. The OIC program can be useful for both individuals and small businesses who qualify. In order to qualify a taxpayer must have little to no liquidable assets and a small disposable income compared to their total IRS debt. Tabb & Associates will evaluate your current financial condition and if you qualify will prepare, file and negotiate an Offer in Compromise Application directly with the IRS.

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