Offer in Compromise to Settle Your IRS Tax Debt in San Diego

IRS Offer in Compromise in San Diego

& Finding an IRS Offer in Compromise Lawyer

An IRS offer in compromise is a tax resolution option for taxpayers who are struggling to pay their full tax liability to the Internal Revenue Service (IRS). This option is available for federal IRS taxes in San Diego, allowing taxpayers to settle their tax debt with a fast-track solution for less than the full amount owed. It’s a financial relief agreement that can help taxpayers gain control of their finances and get out of debt.

An IRS offer in compromise is a written agreement between the taxpayer and the tax authority (IRS) in which the taxpayer agrees to pay a lump sum or a payment plan that is less than the full tax liability owed. This agreement is considered a compromise because the taxpayer is settling their tax debt for less than the total amount while the tax authority is accepting a lower payment as satisfaction of the tax liability. This aims to help taxpayers who can’t afford to pay the full amount due while also providing the tax authority with an assurance that they are receiving some payment rather than nothing.

Offer Must Meet Criteria to Qualify

To be eligible for an IRS offer in compromise for federal taxpayers in San Diego, taxpayers must meet specific criteria, including:

  • Being current on all tax filings and payments
  • Being unable to pay the full tax liability owed.
  • Additionally, the tax authority will consider the taxpayer’s income, expenses, and assets to determine their ability to pay. If the taxpayer’s financial situation has changed and they can now pay the full tax liability, their offer in compromise may be rejected.

Officially submitting an offer in compromise for federal taxpayers in San Diego typically involves gathering financial information, including tax returns, pay stubs, bank statements, and other financial documents. This information is used to determine the taxpayer’s ability to pay and is submitted along with the offer in compromise form to the tax authority.

IRS Review of Offer: Accept or Reject

Once the IRS offer in compromise is submitted, the IRS will review the information and decide on the taxpayer’s eligibility and settlement amount. This process can take several months, and the taxpayer may be required to provide additional information or documentation during the review process. Eligibility considerations and the settlement amount are based on each taxpayer’s unique financial situation, so it is important to seek advice from a tax professional and attorney before submitting an IRS offer in compromise. This can safeguard taxpayers from mistakes or additional liabilities if the offer in compromise is rejected.

If the offer in compromise is formally accepted, the taxpayer must make the agreed-upon payments and comply with any other conditions outlined in the agreement. This will involve making payments on time and in full to satisfy the tax liability. If the taxpayer fails to make the payments or comply with the terms of the agreement, the tax authority may rule them in default on the offer in compromise and pursue collection action, including wage garnishment or bank levy. An federal tax attorney can help taxpayers understand the implications of an uncompliant offer in compromise and can provide advice on how to best resolve their IRS tax debt.

It is important to note that an offer in compromise is not a guarantee of acceptance, and there is no guarantee of the settlement amount. The tax authority will consider each offer in compromise on a case-by-case basis, considering the taxpayer’s specific circumstances and financial situation. It is also important to note that an offer in compromise does not reduce or eliminate tax liability for future years. However, this is a one-time solution for resolving a past year’s tax liability that can help taxpayers avoid further collection action.

Delia Law Can Help With IRS Offer in Compromise for Federal Taxpayers in San Diego

At Delia Law, we are skilled in resolving IRS tax liabilities for federal taxpayers in San Diego who have historically struggled to pay their IRS back taxes. Our team of experienced tax attorneys and professionals can assist with the IRS offer in compromise process, including gathering and submitting financial information, negotiating with the IRS, and ensuring compliance with the agreement. This is the most streamlined way for taxpayers to reduce their IRS tax liability and achieve financial freedom under the supervision of our experienced tax attorneys.

Why You Should Always Consider Hiring a Federal Tax Lawyer

With our knowledge and experience in resolving IRS tax liabilities, we can help you navigate the complex federal tax system and protect your rights throughout the process. We will gather all necessary information to determine your eligibility for an offer in compromise and negotiate on your behalf to reach a settlement that is in your best interest. We understand the nuances of the federal tax system and can adjust our strategies to best serve your immediate and long-term financial objectives.

If you are facing a tax liability and cannot pay the full amount owed, contact us and schedule a complimentary case evaluation to discuss your options. Let us help you resolve your IRS tax debt and put your mind at ease for a brighter financial future.

San-Diego-Location-page-headline-picture-9.27.23-1 Federal Tax Lawyers in San Diego Archive

IRS Tax Lien Help in San Diego

Feeling overwhelmed is common if you have outstanding taxes owed to the IRS. Unsettled tax obligations can lead to significant repercussions. Various strategies may be ...
los-angeles-skyline-mountains Federal IRS Tax Lawyers in Los Angeles California

IRS Tax Lien Help in Los Angeles

When it comes to taxes, one of the worst things that can happen is having the IRS files a Notice of Federal Tax Lien against ...
Payment Arrangements with the IRS in Los Angeles Blog Archive

Payment Arrangements with the IRS in Los Angeles

Looking into making payment arrangements with the IRS in Los Angeles? Should you call a federal tax attorney in Los Angeles for your IRS tax problems?  Navigating ...
What to do when tax preparer messes up Blog Archive

What to Do When Your Tax Preparer Messes Up Your Taxes

Facing IRS Tax debt or an IRS tax audit due to errors made by your tax preparer? Here’s a comprehensive guide on steps to take ...
Scroll to Top

Notice

Federal IRS Practice.  Attorney advertisement. Prior results do not guarantee similar outcomes. (1) Attorneys of Delia Law P.C. are only licensed in the jurisdictions mentioned in their biographies and not all lawyers mentioned or displayed in Website content may be able to assist clients without adding attorneys admitted in the specific jurisdiction; (2) Delia Law P.C.’s only offices are in Maryland and New York. Mentioned other locations are unstaffed virtual locations, by appointment only, that are not designed to suggest or create a permanent presence; (3) Local counsel are independent and not partners or employees of Delia Law P.C.; (4) All clients of Delia Law P.C. will receive additional, written information (about the lawyer assignment/licensing in the case, our fees etc.) before making a decision to becoming a client. All website Terms and disclaimers apply.

Prior results do not guarantee similar outcomes; attorney advertising. All information on this website has been prepared for informational purposes only and does not constitute legal advice. While this information may constitute attorney advertising in some jurisdictions, merely reading this information does not create an attorney-client relationship. Every case is different, any prior result described or referred to herein cannot guarantee similar outcomes in the future. All visitors to this Website are informed that Delia Law P.C. (“Firm”) works with affiliated lawyers (referred to as “Local Counsel”) in various cities and states across the United States. These Local Counsel may assist the Firm on a case-by-case basis, operate their own respective law firms, are independent of Firm, and are not partners, owners, of counsel, or employees of Firm. Clients and prospective clients should be aware that when referencing to Firm’s experience, this experience may combine the knowledge and experience of both Firm and its frequently used Local Counsel in the aggregate. Specifically, if and when Firm cooperates with Local Counsel, Firm will disclose the details to the client in writing for their approval. Delia Law P.C. is headquartered in New York City. References to a particular city or state in any article or anywhere on this website does NOT mean that Firm maintains an office with staff in that location, and it does NOT mean that Firm has attorneys physically located in that city or state. Firm’s lawyers are only licensed to practice state law in the states mentioned in their respective biographies. With few case-by-case exceptions, Firm’s practice is limited to matters and questions of federal law and federal procedure. Firm’s engagement letter and Firm’s website disclaimers provide additional details.