Offer in Compromise

Getting out from underneath your tax debt is absolutely possible! It won’t take an expensive lawyer or years of painful payouts to do it either. In 2012, the IRS instituted a new initiative that made an offer in compromise accessible to thousands of tax debtors who didn’t qualify before. This could be your chance to settle your tax debt once and for all, so don’t wait another minute!

If you need help getting out from your tax debt, Tax Crisis Institute is here to help you arrange and submit an offer in compromise (OIC) that will allow you to pay for your tax debt for pennies on the dollar!

Visit our Los Angeles tax relief office today, or complete the contact form to the right and let’s get started!

How Can an Offer in Compromise Help You?

If you are struggling with tax debt, you may be eligible to apply for an offer in compromise, which allows you to settle your debt for less than the full amount, in return for complying with current and future tax terms.

Since the 2012 initiative, the IRS has significantly increased the flexibility and relaxed the terms for OIC applications. Some of the changes include:

• Expanded living expense categories/amounts
• Exclusion of income-producing assets for businesses in an OIP calculation
• Reduction of Cash-in-Bank considered for an OIP calculation by $1,000 + one month’s allowable living expenses
• Exclusion of up to $3,450 in equity per car in a household; additional $200 for older cars
• Release of wage or bank account levies once the tax debt has been paid

Never before has the IRS made it so easy and affordable to find tax relief in Los Angeles. We don’t know how long this offer will last, so act today!

Tax Crisis Institute is here to Help You Find Tax Relief

Don’t waste your time and money on expensive large-scale tax representation companies or impersonal call-in-only services to help you through the offer in compromise process. Tax Crisis Institute is a local, family-owned business that values the relationships we have with our clients. We will meet with you face-to-face and take the time to get to know you and your unique situation. At Tax Crisis Institute, you’ll receive the attention, service, and help you deserve!

We offer personal, affordable, and quality service to each and every one of our clients in Los Angeles. So contact us today, and let’s start settling your tax debt!