Evaluate the option before submitting an offer
The IRS considers the basis for the offer and the taxpayer’s circumstances. For an offer based on inability to pay, financial information about income, expenses, assets, and collection potential is central to the review. A realistic assessment can help determine whether an offer is worth pursuing or whether another resolution may fit better.
How the firm can help
- Reviewing tax liabilities, compliance status, and financial circumstances
- Evaluating the potential basis for an offer in compromise
- Preparing and reviewing supporting financial information
- Addressing IRS questions and considering alternative collection resolutions
Avoid promises of a guaranteed tax settlement
Acceptance is not guaranteed, and the amount of an offer depends on the facts. Contact the firm to discuss your IRS notices, outstanding liabilities, and circumstances before deciding how to proceed.
Read our guide: Can You Settle IRS Tax Debt for Less Than You Owe?
Does the IRS have to accept my offer?
No. The IRS reviews the offer under its requirements and may accept, reject, or return it. An offer should be evaluated on its merits, not on a promise that every taxpayer can settle for a small fraction of the balance.
Melbourne Beach, Florida — nationwide representation
McCarthy Tax Law, P.A. is based in Melbourne Beach, Florida, and represents taxpayers nationwide in federal tax controversies. Whether you are in Florida or another state, contact the firm to discuss your offers in compromise matter and potential legal options.
Official reference: Internal Revenue Service — Offers in Compromise