Category Archives: Offer In Compromise

Compromise of Tax and Penalty

Posted on 04/30/2013 by Sandy Suchoff

Lefstein-Suchoff CPA & Associates, LLC has a proven track record of getting our Client’s Offers in Compromise accepted and thereby saving our clients thousands of dollars. If, on the other hand, we believe that filing an Offer in Compromise will … Continue reading →

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Offer In Compromise: Review

Posted on 04/02/2013 by Sandy Suchoff

The OIC program allows qualifying taxpayers to settle their tax liability in full for an amount less the full liability owed.  Recently, the IRS has changed some of its computational rules, which may make the program more accessible and attractive. … Continue reading →

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Summary of an Offer in Compromise

Posted on 01/04/2013 by Sandy Suchoff

  An offer In Compromise (OIC) is an offer made by a taxpayer to settle a tax liability for less than the full amount owed. The IRS will usually accept an OIC if it is unlikely that the tax liability … Continue reading →

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Requirements for Full Evaluation of an Offer In Compromise

Posted on 12/05/2012 by Sandy Suchoff

In order for an Offer In Compromise to be fully evaluated by the IRS, the taxpayer must have completed the following steps prior to submitting the offer: 1) File all tax returns legally required to be filed 2) Make all … Continue reading →

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Eligibility for an Offer in Compromise

Posted on 11/26/2012 by Sandy Suchoff

Most people have heard about Offer In Compromises.   An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed.  If the liabilities … Continue reading →

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IRS Announces More Flexible Offer-in-Compromise Terms

Posted on 08/12/2012 by Sandy Suchoff

Recently, The Internal Revenue Service announced that they are offering more flexible terms to its Offer in Compromise (OIC) program that will enable some of the most financially distressed taxpayers to clear up their tax problems and in many cases … Continue reading →

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