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An Offer in Compromise (OIC) is a valuable tool that allows taxpayers to settle their IRS debt for less than the full amount owed. At Ashley F. Morgan Law, PC, we take a personalized and honest approach to the OIC process, ensuring that your application stands the best chance of success.
In addition to exploring the OIC process, we review all other potential options—including payment plans, Currently Not Collectable (CNC) status, and bankruptcy—to ensure we deliver the most effective solution.
Many tax resolution companies push this option to settle the accounts for pennies on the dollar, but it is actually rarely approved since the criteria are so strict.
Our office only uses the OIC process when we believe you have a high likelihood of success. We will not draw you in using promises of a great settlement and then later switch to other options after you have paid us.
The IRS will consider an OIC only when it believes collecting the full amount of your tax debt is unlikely within the remaining time allowed by the 10-year collection statute. This means they will evaluate your income, assets, and expenses to determine if you qualify for a reduced payment.
Key Benefits of an OIC:
Unlike firms that offer one-size-fits-all solutions, we:
If you’re struggling with tax debt, let us help you find a solution tailored to your needs. Contact Ashley F. Morgan Law, PC for a consultation and explore the benefits of working with experienced local attorneys.