| For IRS tax help with your tax problem, some | | | | done three ways. The tax examiner interpreted the |
| American tax payers qualify for an offer in | | | | law wrong. The second way was if the tax examiner |
| compromise or OIC. This is when the IRS and the | | | | refused to look at the evidence that was presented to |
| payer reach an agreement that settles all of the tax | | | | them. The third way is if the tax payer has new |
| liability issues that are present at a specific time for a | | | | evidence to present showing they are not liable for the |
| specific period and the IRS accepts a partial payment | | | | tax that has been assessed. |
| and dismisses the balance of what is owed. | | | | The last is the effective tax administration. This is |
| There are three different types of OIC's that a tax | | | | when paying the undisputed amount of taxes would |
| payer would have to fall into to qualify for this type of | | | | bring economic hardship to the payer. These are |
| agreement. | | | | allowed when long term illness and sickness occurs in |
| The first is classified as to the doubt that the tax is | | | | the family and the money that does exist, is needed |
| actually collectable. This is when the amount of tax is | | | | for the survival of the family. |
| known and verified by both the payer and the IRS, but | | | | An OIC is just one of many ways the IRS tax help |
| the monthly income of the payer prohibits them from | | | | can resolve your tax problems. |
| paying the full amount of the tax owed. To qualify for | | | | Of course, the above is not legal or accounting advice |
| this, you must not own any property and be barely | | | | -- it is for informational purposes only. Before making |
| making enough money to live on. | | | | any decisions regarding legal or tax matters, it is vital |
| The second is that there is some doubt whether the | | | | that you consult a licensed professional lawyer or tax |
| tax payer is liable for the tax that is owed. This can be | | | | accountant. |