An offer in compromise is a process whereby the taxpayer offers the government a reduced sum of money in order to settle a delinquent tax bill.

Contrary to popular belief, an offer is compromise is not an amnesty program, nor is it motivated by the governments' desire to cut delinquent taxpayers a break. Rather, it is a calculated business decision by the taxing agencies to accept a smaller sum in lieu of spending the collection resources on chasing the taxpayer until the statute of limitation on collecting the tax runs out.

With the passage of the IRS Restructuring and Reform Act of 1998, hundreds of thousands of taxpayers are rushing to settle their back taxes with the IRS. Unfortunately, the offer in compromise process, or "pennies on the dollar", as it is often referred to is not as simple as it sounds. In fact many unsuspecting taxpayers often find the process to be extremely difficult and tedious.

TaxHelpers has extensive expertise with planning, preparing, negotiating and even appealing rejections of tax compromises. Since 1997 we saved millions of dollars for our clients by taking advantage of the Offer in Compromise process.

We get our edge by knowing and carefully navigating virtually every key regulation of the Offer in Compromise process. We also have a good working relationship with many of the Offer in Compromise Specialists working for state and federal taxing agencies.

Incidentally, the IRS is not the only agency with an Offer in Compromise program. We also help taxpayers in settling delinquent taxes owed to California taxing agencies such as: The Franchise Tax Board, as well as EDD and the State Board of Equalization.

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