Like other creditors, the Internal Revenue Service wants to collect on money that it is owed, even if it can’t recover the entire amount. Just like banks and lenders, the IRS will often choose to accept a reasonable portion of its money now than take on the hassle of collecting and the risk of potentially recovering less money later.
An Offer in Compromise, or OIC, is a type of settlement that a taxpayer can make with the IRS to satisfy a tax debt. When it is accepted, an OIC can stop disruptive collection activities such as wage garnishments, tax liens and bank levies.
If you are under pressure to pay back taxes, having the assistance of a knowledgeable attorney can enable you to find a workable solution to the problem. At Randolph Law Firm, we can help you by:
We have facilitated many Las Vegas Offers in Compromise for our clients. As an experienced lawyer with an advanced degree (LL.M) in taxation, Taylor Randolph can help you understand your legal rights and your options for clearing up your tax debt, secured and unsecured debts, or mortgage difficulties.
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