Offer in Compromise

Offer in Compromise Services

If you are struggling with significant tax debt and are unable to pay the full amount owed to the IRS, an Offer in Compromise (OIC) may provide a solution. At Basheer Law Firm, we specialize in helping individuals and businesses reduce their tax burdens through the IRS Offer in Compromise program. This program allows taxpayers to settle their tax liabilities for less than the full amount owed, providing financial relief and a fresh start. Our experienced attorneys are here to guide you through every step of the process, ensuring that your Offer in Compromise application is prepared thoroughly and correctly.

What is an Offer in Compromise?

An Offer in Compromise (OIC) is a tax relief program offered by the IRS that allows qualifying taxpayers to settle their tax debt for less than the total amount owed. The IRS may accept an offer in compromise if it determines that paying the full tax liability would cause financial hardship, or if there is doubt as to whether the taxpayer could ever pay the full amount. This program is an opportunity for taxpayers to resolve their tax debts and avoid wage garnishments, bank levies, and other collection actions.

Contact Basheer Law Firm for Offer in Compromise Help

If you’re struggling with overwhelming tax debt and think an IRS Offer in Compromise may be the right solution, contact Basheer Law Firm today. Our experienced attorneys are here to provide you with Houston IRS Offer in Compromise help, giving you the legal support needed to settle your tax debt and regain financial stability. Schedule a consultation with our team and take the first step toward resolving your tax burden with confidence.

Why You Need Expert Help for an IRS Offer in Compromise

While the Offer in Compromise IRS program can be a valuable tool for resolving tax debt, it is not easy to qualify. The IRS carefully reviews each application and requires thorough documentation of your financial situation. To increase the chances of acceptance, it’s essential to work with an experienced tax attorney who understands the complexities of the IRS Offer in Compromise process.

At Basheer Law Firm, we help clients determine if they qualify for a tax offer in compromise and guide them through the application process. Our attorneys prepare detailed financial statements, negotiate with the IRS, and advocate on your behalf to ensure you have the best chance of success.

Who Qualifies for an IRS Offer in Compromise?

Not everyone qualifies for an Offer in Compromise. The IRS considers several factors when determining eligibility, including:

Income: Your current and future income will be assessed to determine your ability to pay the full tax debt.
Expenses: The IRS will review your necessary living expenses to ensure that paying your tax debt would create a financial hardship.
Asset Equity: The IRS will evaluate the value of your assets, including real estate, vehicles, and other property.
Ability to Pay: The IRS may consider accepting an Offer in Compromise if it determines that you cannot reasonably pay the full amount owed within the statute of limitations for collecting the tax debt.

Our attorneys help you assess your financial situation and determine if an Offer in Compromise is the best option for you. We carefully review your income, expenses, and assets to prepare a strong case for the IRS.

The Offer in Compromise Process

Eligibility Assessment: We start by determining if you qualify for the IRS Offer in Compromise program. This includes a thorough review of your financial situation to ensure that submitting an OIC is the right step for you.
Preparing the Application: Our team prepares your Offer in Compromise application, including all required forms and supporting financial documentation. This ensures that your case is presented clearly and accurately to the IRS.
Negotiation with the IRS: Once your application is submitted, we communicate and negotiate with the IRS on your behalf. We advocate for a fair settlement and work to resolve any questions or concerns the IRS may have about your offer.
Acceptance or Appeal: If the IRS accepts your Offer in Compromise, you will pay the agreed-upon amount to settle your tax debt. If your offer is rejected, we will review your options and may file an appeal to continue advocating for your relief.

Why Choose Basheer Law Firm for Houston IRS Offer in Compromise Help?

At Basheer Law Firm, we have extensive experience helping clients in Houston and beyond resolve their tax debts through the IRS Offer in Compromise program. Our attorneys are dedicated to providing personalized, results-driven solutions that relieve financial pressure and help you achieve a fresh start.

Experienced Attorneys: We have successfully handled numerous Offer in Compromise IRS cases, helping clients reduce their tax debts and move forward with confidence.
Personalized Approach: We tailor our approach to each client’s unique financial situation, ensuring that your tax offer in compromise is as strong as possible.
Aggressive Representation: We negotiate with the IRS on your behalf, advocating for the best possible settlement and protecting your interests every step of the way.
Clear Guidance: We guide you through the entire process, providing clear communication and support from start to finish.

Offer in Compromise