Offer In Compromise
An Offer in Compromise deal, or OIC, is almost exactly like it sounds. You, the taxpayer, make an offer to the IRS to compromise on your tax debt. The goal is to come up with an amount that you can affordably pay back. However, the IRS doesn’t just come up with this OIC number arbitrarily. Instead, the IRS will take a variety of measures to ensure a taxpayer qualifies for an OIC. For that reason, it’s very beneficial to work with a tax resolution services company when applying for an OIC. A tax relief professional will understand what’s required to get approved for an Offer in Compromise. Likewise, a tax relief professional can negotiate with the IRS on your behalf. However, you can negotiate an Offer in Compromise deal with the IRS on your own. But, given the intimidating nature of the IRS and complex tax rules, it’s not advisable.
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Testimonials
Hello, my name is Carlos M. I am calling because I’d like to thank you for what you did for me, Less Tax Owed for the OIC. I appreciate it..
Jessica DoeMarketing - Okler
“Less Tax Owed” is extremely knowlegable and makes all of his seminars entertaining and interesting. You get great value for TRN membership. Everyone is very professional and responsive.
Bob SmithCEO & Founder - Okler
John SmithCEO & Founder - Okler
Hello, my name is Carlos M. I am calling because I’d like to thank you for what you did for me, Less Tax Owed for the OIC. I appreciate it..
Jessica DoeMarketing - Okler
“Less Tax Owed” is extremely knowlegable and makes all of his seminars entertaining and interesting. You get great value for TRN membership. Everyone is very professional and responsive.
Bob SmithCEO & Founder - Okler
Been with them for 3 years for my taxes. They make filing my taxes fast and painless. They are courteous, prompt, professional and very knowledgeable with the tax laws and recent changes. Always exemplary service. Two thumbs up, Less Tax Owed!
John SmithCEO & Founder - Okler
Hello, my name is Carlos M. I am calling because I’d like to thank you for what you did for me, Less Tax Owed for the OIC. I appreciate it..
Jessica DoeMarketing - Okler
FAQ
Contact Us today for a FREE, no obligation Fresh Strategy Session. We will determine whether we can represent you and work on guiding you to the best possible tax solution for your specific case. If you choose to become a client, we will start working immediately on your case to help resolve your tax issue the quickest and most effective way possible
Every Tax case has its specific challenge and procedures. In most tax relief cases; the process takes anywhere from 2 to 6 months to resolve. Once we determine how complex your tax issue is, we will be better able to determine your case timeline. Our goal at Mango Tax is to achieve the best possible result regarding your specific tax situation in the quickest possible way.
Very few people actually enjoy filing their own taxes. Even with the help of computer software programs, the risk of running into problems still exists. In addition, computer software programs are not formulated to take into account special circumstances or your unique financial portfolio. Not only are we prepared, trained, and licensed to take on complex tax issues, but we also offer personal and ethical tax services that can help our clients maximize their returns while minimizing the risk of unnecessary IRS involvement.
In the event that any of your tax deductions should be questioned, having proof of documentation will be key to avoiding serious inspections or audits. We suggest that our clients always keep records of bank statements, credit card statements, cancelled checks, invoices, and receipts. Mileage logs, meal expenses, and other records for business purposes can also be important. Donations or non-cash contributions, such as clothes or other property, should be verified with proof of receipt or acknowledgement letters from charities.
In the event that any of your tax deductions should be questioned, having proof of documentation will be key to avoiding serious inspections or audits. We suggest that our clients always keep records of bank statements, credit card statements, cancelled checks, invoices, and receipts. Mileage logs, meal expenses, and other records for business purposes can also be important. Donations or non-cash contributions, such as clothes or other property, should be verified with proof of receipt or acknowledgement letters from charities.
Remembering important tax deadlines can be key to avoiding costly mistakes down the road. If a deadline falls on a weekend, the deadline will automatically be extended to the following Monday. In addition, if you are unable to meet a deadline, you may be able to petition for a 6-month extension or a 5-month extension for LLC returns.
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Been with them for 3 years for my taxes. They make filing my taxes fast and painless. They are courteous, prompt, professional and very knowledgeable with the tax laws and recent changes. Always exemplary service. Two thumbs up, Less Tax Owed!