Houston, Texas Offers in Compromise Attorneys
“Offers in compromise” allow you to reduce your tax obligations through a negotiation process with the IRS. The “Offers in Compromise” process allows you to reduce your Internal Revenue Service or State tax debt by negotiating with the taxing agency to lower your tax bill. This process is often referred to as settling your taxes for “pennies on the dollar.” At The Hammond Law Group, PLLC, we are experienced in negotiating and settling tax disputes through the Offers in Compromise process on behalf of individuals and businesses.
Our firm provides sound counsel and strategic negotiation with the IRS to secure an offer in compromise for tax obligations. You can reduce your tax bill and minimize penalties and consequences. Contact us today for a free consultation.
Your three basic arguments to reduce or eliminate your taxes are as follows:
- You have tax debt, but you cannot pay
- The IRS is wrong- you do not owe the tax as claimed by the government
- You owe the tax and you CAN pay, but collecting any money from you would be unjust
The majority of taxpayers fall into the first category (you owe the tax, but you cannot pay the full amount of what is owed.) For the IRS to consider you must offer in compromise, you must at least offer to pay an amount equal to value all of your assets plus all of the money the IRS “thinks” that it can collect from your future income for a period of 4 to 5 years.
The IRS has the discretion to reduce or eliminate penalties and fees. We are dedicated to negotiating installment agreements to pay off your tax liability and have penalties removed or reduced. Contact us for more information about tax settlement and negotiation.
The IRS will reject your offer if they believe that the amount offered by the taxpayer is less than what they could collect from their normal collection process. In that regard, it is very important to review and analyze your case from the perspective of an IRS officer. Our lawyers at The Hammond Law Group, PLLC are seasoned in the IRS collections process and experienced in analyzing your case and asserting your rights in tax court. We work aggressively to return a favorable result and decision on offer in compromise in your case.
Contact The Hammond Law Group, PLLC to schedule a free consultation at our Houston, Texas office. Our lawyers offer strategic advocacy in tax law cases to protect the rights of our individual and business clients. Se habla español.
