FILING AN OFFER IN COMPROMISE (OIC) ✅ BUSINESS ✅ SERVICES

Stage 1. Initial Assessment of OIC Eligibility

Lawyer's Actions:

Analysis of client's financial situation (income, expenses, assets, debts)
Verification of IRS OIC eligibility criteria
Consultation on alternatives (such as installment agreements or bankruptcy)

Stage 2. Document Preparation and Calculations

Lawyer's Actions:

Preparation of Form 656 (Offer in Compromise)

Completion of Form 433-A (OIC) or 433-B (OIC) — financial information for individuals or businesses

Collection of supporting documents (bank statements, tax returns, payment obligations, etc.)

Calculation of reasonable offer amount according to IRS standards

Stage 3. Submission of Proposal to IRS

Lawyer's Actions:

Verification of document package accuracy
Payment of $205 application fee and any required initial payment
Submission of proposal to the appropriate IRS office
Confirmation of IRS receipt and status monitoring

Cost: included in previous stage

Stage 4. IRS Audit Support and Agent Communication

Lawyer's Actions:

Client representation before IRS
Responding to requests for additional documentation or clarifications
Participation in negotiations and submission of amendments if needed

Cost: $1,000–$1,500 (hourly rate $200–$350/hour may apply)

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Submitting an OIC Proposal: Who Qualifies

If you cannot pay your full tax debt to the IRS or believe the amount is unreasonable, Offer in Compromise (OIC) may be your solution. There are three grounds for filing an OIC:

Doubt as to liability (questioning the tax assessment)
Doubt as to collectibility (inability to pay the full amount)
Effective tax administration (economic hardship)

When evaluating your application, the IRS considers income, necessary expenses, available assets, and your overall ability to pay.

The Offer in Compromise Application Process

Preliminary analysis: We assess your data to determine eligibility
Application preparation: Complete Form 433‑A/433‑B and Form 656, determine offer amount
Fee payment: Standard IRS application fee of $205, with possible low-income exceptions
Submission and negotiation: Formal offer submission, with our attorneys negotiating optimal terms with the IRS
Decision waiting period: IRS review typically takes 6-12 months, sometimes up to 2 years; delayed decisions are considered accepted

Required OIC Documents: Form 433‑A, Form 656 and Fee

To submit an Offer in Compromise, you'll need:

Form 433‑A (for individuals) or 433‑B (for businesses)
Form 656 – complete application
$205 payment to IRS or fee waiver proof
Documentation of income, accounts, expenses, and assets (real estate, bank accounts, etc.)

Incomplete documentation or improperly completed forms are the most common reasons for rejection.

Benefits of Attorney Representation in OIC Negotiations

✅ Accurate OIC eligibility assessment — self-filed applications face over 60% rejection rates.

✅ Proper offer amount calculation using IRS reasonable collection potential (RCP) formula.

✅ Appeal protection — we prepare appeals and substantive responses to rejections.

✅ Full legal representation: confidentiality, rights protection, negotiation management, and issue resolution.

Common Reasons for Rejection and Risk Mitigation

Underestimated RCP or excessively low offer amount
Incomplete application package — missing forms or incorrect amounts
Available assets or income that could satisfy the debt — IRS won't accept offers below RCP

Consultant specializes in Offer in Compromise cases — from comprehensive evaluation to appeal support. We maximize your chances for successful tax debt resolution. Book your free consultation today — give your financial burden a "second wind"!