An Offer in Compromise is usually not accepted for processing because the offer amount is too low or information or documents are missing from the application. The process can continue at this point by either resubmitting a revised offer or supplying the requested additional information or supporting documents.
However, if you elect to withdraw your offer or fail to supply the additional information or documents, the IRS will not refund their fee because they processed your application.
On the other hand, if the Offer in Compromise is determined not to be processable by the IRS, they will refund the application fee.
An Offer in Comprise generally takes at least nine (9) months to be processed and accepted. Usually, the IRS will request additional information, thus causing delays in the process.
In 2003, the IRS only accepted 26,000 out of 128,000 (20%) offer submissions. This is due to taxpayers trying to guide themselves through the confusing maze of complicated tax codes and regulations without proper representation.
No company (including FSI Tax Corp) can guarantee its results. The IRS continues to change policies and tighten the ropes. However, the tax professionals of FSI Tax Corp provide you with professional tax services that have been proven in successfully resolving your tax liability using the best option available for your specific tax situation.
Our tax professionals have years of experience in providing services that are proven in successfully settling tax debt using the Offer in Compromise program. If one of our highly-trained tax consultants determines that you are a good candidate for an Offer in Compromise, then there is a very good chance you will qualify.
If the IRS declines your offer for any reason, one of our senior members will review your case and determine the best course of action: resubmitting the Offer in Compromise, filing an appeal to the ruling or filing an installment agreement request on your behalf.
Allow the tax professionals of FSI Tax Corp represent you before the IRS and better you chances considerably for a reasonable tax resolution.
Contact FSI Tax Corp today to learn how we can help you through our professional tax services. We know how to deal with the IRS, cut through the red tape and get the best possible resolution for your tax liability.
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FSI Tax Corp
The professional tax services provided by FSI Tax Corp cuts through the red tape, allowing you to get your finances back to a normal level.
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