What are the chances of getting an Offer in Compromise?
Question by Lydia: What are the chances of finding an Provide in Compromise?
There is this tax debt firm that told my mom simply because of her finances they can get her accepted into an Offer in Compromise for my tax debt. They say it would decrease her debt by a lot, but she and I are very nervous about this.
Very best answer:
Answer by Michael
If you and she feel nervous, don’t do it. You are gut is telling you something. I have read that between 14-20% of all applicants are accepted into the OIC program so the odds wouldn’t be in her favor. Plus a lot of firms use Give in Compromise to get your enterprise and then when you aren’t accepted you are out of all that income and still in tax debt. Read up on it.
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About Henry Byers
Henry Byers, ex-IRS Manager and CPA with a primary focus on the areas of IRS Tax Debt, IRS Levy & Wage Garnishment Release.
Specializing in resolving your IRS tax debt problems for individuals and small to medium sized businesses.
Whether its an IRS garnishment, Wage garnishment, IRS Lien, IRS Levy, IRS audit, IRS penalties or unfiled or delinquent tax returns that have you worried, we can help!
