How to get Tax Relief Through the IRS Offer in Compromise Program in Orlando, FL

Metro Area- Orlando-Kissimmee-Sanford, FL MSA

The IRS Offer in Compromise is for taxpayers who are not in a position to pay off their tax debt in full. This is a very useful tool for US taxpayers, wherein they can get relief from the problem of back taxes. This can permanently eliminate the tax debt of a taxpayer who do not have the ability to pay in full.

If you owe back taxes to the IRS and you are not in a position to pay it in full, you may be eligible for an Offer In Compromise settlement, if you qualify, you will resolve your tax matters with the IRS for less than you owe.

However, it is under the sole discretion of the IRS to approve or deny offer in compromises as a solution to tax problems. Every year, the IRS rejects tens of thousands of offers in compromise applications and only a few are accepted. That is why, it is very important to hire a professional tax relief expert to handle your offer in compromise settlement. With the help of a professional IRS licensed enrolled agent, CPA or tax attorney, the probability of getting an offer in compromise negotiated with the IRS increases.

Mike Habib, EA is a tax relief expert, he will look into your financial situation, analyze previous tax returns and other tax records and will find out the best settlement option to settle with the IRS on your back taxes.

As tax resolution specialist, Mike Habib, EA will negotiate with the IRS a settlement for the back taxes problem you are facing. We will settle on a specific amount of money, either a lump sum, or monthly payments, which will settle all your tax debt for once and all. For most taxpayers who are in a financial bind, and cannot pay in full, this settlement amount is generally lower than the total amount you owe to the IRS.

Who can file an Offer In Compromise?

Individuals, couples, corporations, trusts, businesses, limited partnerships, limited liability companies, associations, foundations and other non-profit organizations and estates can file for offer in compromise.

What is the most common reason for large tax liabilities that force taxpayers to file Offers in Compromise?

Large tax liabilities mostly happen due to unpaid 941 payroll taxes. If the tax has been collected from employees but hasn't been remitted to the IRS then the problem occurs. Other reasons of filing an Offer In Compromise, large taxes assessed as a result of an IRS tax audit, not fling tax returns for a number of past years or tax shelter investments that are disallowed.

While applying for an offer in compromise, penalties and interest both can be compromised like the tax liability.

How likely is it that the IRS will accept an Offer in Compromise?

In the past, the acceptance chances were just one in four. But with the liberalization of the OIC policies, more legitimate numbers of OICs are accepted now. But you should provide realistic and legitimate OIC to the IRS for a better chance of acceptance.

How long does it take for an Offer in Compromise to be approved by the IRS?

Generally, it may take anywhere between 4-8 months. If your OIC gets rejected, you can take it to Appeals to reconsideration. Then it will take longer.

Get expert tax help today by calling Mike Habib, EA at 877-788-2937

Tax problem resolution, IRS tax help and tax relief services in Orlando, Kissimmee, Sanford, Tavares, Winter Park, Oviedo, Clermont, Altamonte Springs, Florida State

Client Reviews
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.