Offer in Compromise help in Miami.
An Offer in Compromise may let you settle IRS tax debt for less than the full amount owed. We review your finances and filing status to help you understand whether applying is a realistic option. Acceptance is determined by the IRS.
A careful review before you apply.
We start with your financial situation and tax-filing status. That helps us assess whether an offer is realistic or whether another payment option deserves consideration.
- Review your finances
- We review income, expenses, assets and outstanding tax balances.
- Assess your options
- We check filing and payment requirements and consider whether an offer is a realistic next step.
- Prepare the application
- We help assemble the offer and supporting financial records.
- Communicate with the IRS
- With your authorization, we communicate with the IRS and address requests within the agreed scope of service.
Could this be an option for you?
The IRS considers your income, expenses, asset equity and ability to pay. Owing a large balance does not automatically mean an offer will be accepted. If you can pay in full through assets or a payment plan, the IRS generally will not accept an offer.
Before you can apply
- Required tax returns must be filed.
- Required estimated tax payments must be current.
- You cannot be in an open bankruptcy proceeding.
- Employers must have made required federal tax deposits for the current and last two quarters.
Meeting the requirements to apply does not guarantee acceptance.
If an offer isn’t realistic, a payment plan may be worth discussing.
Requirements as listed by the IRS. IRS: Offer in Compromise
Four steps, start to finish.
No guesswork. Here’s what happens, in order.
- Step 1
Review your situation
We review your tax balances, filing status and financial records to assess your options.
- Step 2
Prepare a supported offer
If an offer is appropriate, we help prepare the application and the financial information the IRS requires.
- Step 3
Review before submission
We explain the proposed offer, required payments and authorization before the application is submitted.
- Step 4
Submit and respond
We submit the application and address IRS requests within the agreed scope of service. The IRS decides whether to accept the offer.
What to bring to your review
Bring the records you have. We’ll explain what else is needed for your situation.
- IRS notices and information about outstanding tax balances.
- Recent tax returns.
- Recent income records.
- Bank statements.
- Household or business expense information, as applicable.
- Information about assets, loans and other debts.
Bring documents to your appointment, or use the client portal if you already have an invitation. Please don’t send tax documents, Social Security numbers or bank details by email or through the general website contact form.
Qualified to represent you before the IRS.
Enrolled Agents are federally licensed tax professionals with broad representation rights before the IRS. With your authorization, an EA can communicate with the IRS about an Offer in Compromise and other collection matters.
We explain the process and your next steps in English or Spanish.
- Federally licensed
- Enrolled Agents are licensed by the IRS.
- Broad representation rights
- Including collection matters, before the IRS.
- With your authorization
- Your representative can communicate with the IRS for you.
Source: IRS, Understanding tax return preparer credentials and qualifications.
Good questions. Clear answers.
Tap a question to see the answer. Short, plain and in your language.
6 questions
Who qualifies?
The IRS considers your ability to pay, income, expenses and asset equity. You must also meet filing and payment requirements and cannot be in an open bankruptcy proceeding. Employers must also be current on required federal tax deposits. Meeting application requirements does not guarantee acceptance.
Does applying stop IRS collection?
The IRS generally suspends most collection activities while an eligible offer is pending, but exceptions apply and a federal tax lien may still be filed. Required offer payments may continue. We explain how the process applies to your situation before you submit.
What if my offer isn’t accepted?
Your next steps depend on whether the IRS rejected the offer or returned the application. A rejection generally allows 30 days from the date of the rejection letter to request an appeal. A returned application has different procedures. We review the IRS’s explanation and discuss available options.
Are there costs to apply?
IRS application fees and offer payments may be required, depending on your application and payment option. For the standard offer application, the IRS fee is currently $205. Qualifying low-income individuals may be exempt from certain upfront requirements.
What happens if my offer is accepted?
You must meet the payment terms and ongoing tax obligations in your agreement. For common financial offers, this includes timely filing and payment requirements for five years after acceptance. Failing to meet the terms can cause the agreement to default.
What if an offer isn’t the right option?
We can discuss whether another approach, such as a payment plan, may fit your circumstances.
General information, not tax advice for your situation. IRS: Offer in Compromise
Got a letter from the IRS?
Find your notice and see what it means in plain words.
Find out which option fits your situation.
We’ll review your circumstances and discuss whether an Offer in Compromise or another payment option is worth considering—in English or Spanish.