Getting IRS Tax Relief via Offer in Compromise
An offer in compromise (OIC) is an agreement between you and the Internal Revenue Service in which the IRS agrees to accept less than the full amount of the tax bill in settlement of the entire debt. In some cases, taxpayers may save hundreds of thousands of dollars using this method of relief. In other cases, it is not the best way to resolve the case. Georgia DOR also has an OIC program for Georgia tax debts.
Our Atlanta tax lawyers will review your situation and tell you if you qualify for an offer in compromise. If you do not qualify, we will advise you on the best way to eliminate your tax debt, which may include:
- Penalty abatement to remove interest or penalties;
- A partial pay installment agreement;
- Currently Not Collectible status;
- The IRS Fresh Start Program;
- Streamlined installment agreement;
- Innocent spouse relief, Injured Spouse Relief or Separation of Liability Relief.
Cal Bomar is a former IRS tax attorney who has handled tax problems from both sides of the table, which puts him in an excellent position to effectively review your tax situation and negotiate your case.
Before any money is offered, Mr. Bomar will review the results of your tax records or audit to determine if you do, in fact, owe the IRS money. If you did not have an attorney handling your audit, errors may have been made that were not in your favor. If we can dispute the amount the IRS says is owed, this is the first step toward reducing or eliminating your tax bill.
Next, we will review your case to see if you meet the requirements of the offer in compromise program. A tax debt can be legally compromised if there is some doubt that the assessed tax is correct and/or doubt that you could ever pay the tax in full. Even if no doubt exists as to these two points, you may still qualify if we can demonstrate that collection of the tax would create economic hardship or would be unfair and inequitable.
Don’t let your tax problem continue to grow. Contact us to speak directly with an Atlanta tax attorney about your IRS or Georgia Department of Revenue tax case. The firm handles cases involving syndicated conservation easement litigation, guiding clients through IRS tax disputes to the best result.
The firm also has tax professionals available who speak Spanish. (El Despacho de Abogado Bomar tiene oficinas en Atlanta, Georgia; y Birmingham, Alabama. El Ex Abogado del IRS. Hablamos Español. Contáctenos hoy al (404) 841-6561).
Bomar Law Firm’s office is located in Atlanta, GA. Contact us at (404) 841-6561 to schedule your free consultation to discuss your case with an Atlanta, Georgia, tax lawyer who is also a former IRS Chief Counsel attorney.