Offer In Compromise (OIC) Successful Settlement for Reduced IRS Payments

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Case Study

Situation:

A professional taxpayer in Bucks County, PA who owned his own home, became very ill and was no longer able to work full-time. He had very little equity in his home and his credit was already destroyed. The taxpayer owed the IRS over $ 200,000.

Result:

Through an Offer In Compromise we were able to settle the case or under $ 5000. We convinced the IRS that the offer was in their best interest. They put out a counter offer, which is very common, but we were able to stand firm in this situation and the taxpayer has a new lease on life.