Why Hire Us?
At Buchalter & Pelphrey Attorneys At Law, our Brevard County lawyers can help you submit an Offer in Compromise to the IRS in an attempt to discharge tax liabilities and pay an amount less than what you owe. This program isn’t just set up for anybody, though. Your offer must be approved based on a number of factors.
We will consider the following factors regarding your OIC:
- Your total income
- Your various expenses
- Your ability to pay the debt
- Your asset equity
It is important to note that an Offer in Compromise should not be your first option when finding ways to relieve the debt you owe. There should be periods in which you explore other options regarding how you can pay off the tax debt and if none other are found, and then you should consider an OIC. Our team at Buchalter & Pelphrey can help you determine if you are eligible and guide you through the process. We will make sure you have all required documentation and the offer is submitted in an accurate and timely manner.
Brevard County IRS and Tax Law Attorneys
The Offer in Compromise can be paid in one of two ways: a lump sum or monthly payments. If you are eligible for Low Income Certification, you are exempt from the application fee, the initial payment, and monthly payments during the evaluation period. Our team will explain all of these options to you and help you understand your rights moving forward. An OIC is a good way to reach good standing with the IRS while also covering most of or all of your tax debts. If this is something that you are considering, having counsel on your side can prove to be beneficial.
Begin today. Call (321) 320-6088.