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Offer in Compromise Negotiation

Offer in Compromise deals can dramatically reduce the amount of tax debt you owe. Let Lothamer handle everything.

Offer in Compromise Help You Can Count On

Owing a large tax debt can feel like being stranded in the ocean, fighting against a rising tide of penalties and threats to your very livelihood. But no matter how far in debt you are, there’s no reason to give up hope. Solutions like an IRS Offer in Compromise-Doubt As To Collectibility can be the lifesaver you’re looking for—a way to pull yourself out of the whirlpool and settle for as little as 10% of the total debt you owe. Why would the IRS do this, one might ask. The reason is simple, you no longer have the income, nor the assets, you once had that generated the large tax debt still due. So not everyone qualifies for a settlement. You might be somewhere between qualifying and not qualifying, but one thing is certain, there is some form of relief available.

The IRS and state tax agencies have strict guidelines to decide who qualifies for an Offer in Compromise based upon Doubt As To Collectibility. It’s a settlement agreement, based on your income, assets, and allowable living expenses. It’s all a matter of determining your collectability, and no one knows how to calculate that better than Lothamer. Knowing the rules is critical for successfully negotiating a settlement for less than what you owe and for one that you can afford to pay. It does no good to negotiate a 75% reduction if you are unable to pay it.

There are two other types of Offer in Compromises, and those are Offer in Compromise-Doubt As To Liability and Offer in Compromise-Effective Tax Administration.

Doubt as to Liability offers are based on a taxpayer’s contention that they either do not owe the tax they have been assessed or that the amount is incorrect. In order to qualify, the taxpayer must provide a written explanation as to why they do not owe the tax either in part or in full, and provide documentation supporting their position. This type of offer is generally filed when the statute of limitations for filing an amended tax return has expired.

Finally, Effective Tax Administrative offers are for those taxpayers that have equity in assets, the value of which is greater than the balance due the IRS. However, doing so would cause a financial hardship. An example might be an individual living on a fixed income of disability benefits whose home has been modified to accommodate their disability. If forced to sell their home to pay the IRS, it would cause them an undue financial hardship to purchase a new home and modify the new home to suit their medical needs.

To find out what’s available for you, call us. The consultation is well worth it. We’re ready to take action TODAY.

We Can Help Get the IRS to Accept Your Offer in Compromise

Qualifying for an Offer in Compromise is less than half the battle. Preparing and negotiating a settlement is a tedious and complicated process that can take anywhere from six months to a year to complete. Trying to do it yourself is much like representing yourself in a criminal trial—Don’t do it! To give yourself the best chance of a favorable outcome, you need a trusted tax resolution specialist on your side.

At Lothamer Tax Resolution, we have a 93% acceptance rate for OIC settlements. We can tell you if you are a good candidate or not, and if not, there are other forms of relief available. Most importantly, let us help you take your life back. Put our expertise to work for you.

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Offer in Compromise Success Stories

Mandy was professional and to the point . Very pleasant to speak with. The process to get started was very simple and easy for me. No promises where made. That tells you they are professional and realistic.

Jonathan F. - Indianapolis, IN

From my initial consultation with Jesse Lothamer I knew I was dealing with a highly professional, well organized and competent organization. My case manager is a bright, cordial, and knows the IRS inside and out, efficient, and effective. I am continuing with Lothamer because I want the best to represent me. I see no way to improve upon an already wonderful organization.

Bruce - Okemos, MI

Everyone I dealt with was knowledgeable and helpful. The burden off my shoulders was tremendous after getting everything taken care of.

Brad - Detroit, MI
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Offer in Compromise Success Stories

In one phone call my stress about the situation went from 100 to 0. These people know what they are doing, they take the time to explain it to you in a way you’ll understand, and they are kind and compassionate while doing so. Nobody wants to deal with tax issues but when you need to these are the people to call. Don’t waste your time with anyone else.

Sarah T. - Fort Wayne, IN

I appreciated the dedication and professionalism of all the Lothamer members that assisted in resolving my tax issue with the IRS. We were able to achieve a good compromise settlement.

Larry - Garden City, MI

Using Lothamer Tax Resolution was one of the best decisions our company made. They have saved us time, many headaches and hours of worry, not to mention money. Everyone is friendly and helpful, but even more importantly they are very knowledgeable about taxes and how to navigate the federal and state tax systems. I would highly recommend Lothamer to anyone needing tax help.

Karla C. - Minneapolis, MN
Your Roadmap to Resolution Starts Here

Within the first 24–72 hours, we can do more than what most other tax firms do in several weeks.

Step
1

CALL OUR OFFICE To Learn More About Our Process For Getting Same Day Tax Help

For a reasonable fee we will call the IRS and Request a Stay on Collection, obtain transcripts as to years unfiled, balances due, and income reported to the IRS, and provide you with a consultation within three days with a licensed attorney, CPA, or Enrolled Agent.

Step
2

MEET WITH A LICENSED CPA, ATTORNEY, OR ENROLLED AGENT and Get Your Roadmap to Resolution

Our meeting with you will be a virtual meeting, using our proprietary video conferencing software, performed in the privacy of your office, home, or vehicle, with a licensed attorney, CPA, or Enrolled Agent to learn about our findings, discuss your options, and provide you with a plan to resolve your tax problem. At this meeting, we will give you an estimated cost for the services to carry out the plan developed.

Step
3

IMPLEMENT THE PLAN Developed in Step 2

Upon accepting the Terms & Conditions in our service agreement as outlined in Step 2, we will immediately go to work solving your tax problem. We will get you set up in our eResolution Client Portal, giving you access to critical deadlines and next steps to view the progress of your case.

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