Offer In Compromise
Most taxpayers have heard the relentless TV and radio commercials referring to the IRS Offer in Compromise (OIC) program. Accordingly, most are aware, that this program allows the IRS to reduce - sometimes substantially - a taxpayer's IRS debt. Unfortunately, many of those advertisements promote false hope and unreasonable expectations for those with the unfortunate reality of owing a significant tax debt. The good news is the program is real and can benefit those taxpayers who qualify for a debt reduction. The key is speaking with a reputable tax professional, familiar with the rules governing the OIC program and who will advise you honestly about your chances of obtaining relief.
Marc D. Marsico, Esq., can pre-qualify you for the OIC program, often times during the free initial consultation. Every effort will be made to obtain the most favorable result, but you can be assured that you will not be misled into thinking a reduction is possible, when in fact it is not.