Reducing What You Owe To The IRS

In today's economy, individuals often find themselves overburdened by the taxes they owe to the IRS. For many, there is a means of alleviation.

The IRS facilitates a program known as Offer in Compromise (OIC). The program allows eligible taxpayers to negotiate with IRS agents and reduce what they owe. As one might expect, the IRS is highly selective in the offers they accept. For this reason, it can be crucial to retain a knowledgeable lawyer who can present your case clearly.

For more than 60 years, Wiener and Wiener LLP has assisted individuals in their OIC concerns. Serving in Allentown and throughout eastern Pennsylvania, our firm understands the anxiety inherent in tax law considerations. We work hard to assert our clients' interests and obtain the most favorable outcomes possible.

What Does The IRS Consider?

When considering an OIC, the IRS takes many factors into account, including:

  • Whether you have filed your taxes properly
  • Whether you have evaded taxes
  • Whether you or a close family member has endured an unexpected illness or like event
  • Whether you will be able to pay what you owe
  • Whether paying will impose financial hardship on you or your family

The Service is thorough in their OIC and collection investigations. They request pay stubs, bank records, vehicle registrations, mortgage and rent information, and other forms of documentary evidence. If a petitioner overlooks even a minor detail, the OIC may be dismissed outright.

Wiener and Wiener LLP can help. Our lawyers can intervene with the IRS on your behalf and advocate your case to Service agents. Moreover, we will work closely with you to make sure you have filed all the required forms and procured all the required evidence in a timely manner, ensuring that you file the strongest OIC offer.

Asserting Your Interests And Your Rights

For some, filing an OIC is a good option. For others, negotiating an installment plan with tax agencies is a better alternative.

If you would like to speak with an attorney about what's best for you, reach out to our offices. You can call our firm at 800-563-8276 or schedule an appointment online. Our consultations are confidential, and we will inform you of your options.