An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer’s tax liabilities for less than the full amount owed. Taxpayers who can fully pay the liabilities through an installment agreement or other means, generally won’t qualify for an OIC in most cases. Is your tax debt out of control with the IRS or the state you reside? Karim & Associates can help!!! We will fight to have your debt wiped clean or reduced. If you do not qualify for the offer in compromise program, there are other strategies we can you use to reduce your debt. This process has many layers and is generally not completed the same day. Once your offer in compromise is submitted and under review you will not receive any collection notices from the IRS.
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The time has come, my friends. It’s that time of year again: Tax Season! And as we all know, that means it’s time to file your taxes. The calendar is filling up. Don’t wait. Schedule an appointment today!