Offer in Compromise Attorney in Garden City
Settle Your Tax Debt for Less Than You Owe
Are you overwhelmed by tax debt? Do you want to get rid of it quickly while saving some money? An offer in compromise (OIC) provides you the opportunity to pay off your tax debt for less than the full amount you owe. If you cannot pay your tax liability in full but want to avoid the accumulating interest of an installment agreement, an offer in compromise may be the right choice for you.
I am a Garden City tax attorney with experience helping clients resolve their tax issues. I have seen numerous Americans struggle with the burden of tax debt and I am passionate about helping them find a way out of it. You have legal options – let me help you explore and take advantage of them.
Call me at (516) 246-2280 or complete my online contact form to discuss an offer in compromise during a free consultation.
How to Submit an Offer in Compromise
An offer in compromise may be the right solution for you depending on the unique circumstances of your situation. Of course, it is always wise to explore all your payment options before submitting an offer in compromise in Garden City.
When determining whether to accept your offer in compromise, the IRS or NYS will consider:
- Your income
- Your ability to pay the debt in full
- Your living expenses
- Your asset equity
Because I understand what the IRS and NYS are looking for in an OIC, I can help you submit a strong and carefully calculated offer. The IRS is likely to approve an OIC when the amount offered is the most it can expect to recover within a reasonable amount of time.
While you are waiting to hear back from the IRS or NYS about the status of your offer, it is important that you continue making your required current tax payments. Failure to stay current could affect the outcome of your OIC.
Learn more about the potential benefits of an offer in compromise by calling me at (516) 246-2280.