Offers in Compromise Attorney Prairie Village, KS

An Offer in Compromise, if accepted by the IRS, is an agreement between you and the IRS that reduces the amount of your tax liability. However, even though the IRS is required by law to settle tax liabilities for less than the full amount (assuming conditions are met), submitting an Offer in Compromise is complicated. There’s a formal process involving financial disclosures, the gathering and organizing of financial records, and complying with IRS regulations. When the Offer is properly prepared, it is submitted for review by the IRS. In a number of cases, if the IRS believes that an offer of compromise does not meet their regulatory process, is an effort to stall or is insufficient in detail, it will summarily reject the offer. Siegel Tax Law knows how to navigate the maze of procedural barriers the IRS has in place and understands the research and investigation required to submit an Offer in Compromise that has the best chance of being accepted.