Stop Garnishments and Levies
If the Taxpayer does not have enough income to comply with a reasonable monthly payment plan and if the taxpayer does not have enough assets to liquidate in order to pay his tax debt, The Tax Expert Group will prepare an Offer in Compromise (OIC). This complex request must be prepared by a professional expert in order to maximize the chance of success. The OIC requests the permanent discharge of the entire Tax debt in exchange for a much smaller payment to be made within 12 months of the approval date. The process typically takes 3 to 6 months. The IRS statistics show that the taxpayers accepted for an OIC have reduced their debt by an average of 87%. They have paid only $13¢ per dollar owed.
The OIC is the best solution for Taxes which have not been eliminated by amended returns. The OIC stops all collection activities, eliminates all debt, future interest and penalties. In most cases taxpayers who have attempted to apply on their own for an OIC have not been able to qualify. They end up paying more than what they would have with a professionally prepared OIC.