An Offer in Compromise can provide a fresh start when paying the full tax balance would create financial hardship or when there is a genuine dispute about collectibility.
When this may deserve a closer look
- Your tax balance is larger than you can realistically pay
- Your income and assets are limited
- You are current with required filings and estimated payments
How Tax Relief SOS approaches the matter
- Review IRS transcripts and confirm the correct balance
- Analyze income, expenses, assets and IRS standards
- Prepare the financial package and proposed offer
- Communicate with the IRS and respond to follow-up requests
Helpful documents to gather
You do not need every document before the first conversation, but these records commonly help clarify the account:
- Recent pay statements or proof of income
- Bank, investment and retirement account statements
- Mortgage, vehicle and other asset information
- Proof of necessary household or business expenses
- Filed returns and current estimated-tax or deposit records
Common mistakes to avoid
- Assuming every tax balance can be settled for a small percentage
- Submitting an offer before required returns or current payments are addressed
- Leaving out assets, income or household contributions
- Selecting an offer amount without analyzing the IRS collection calculation
What the process may include
- Confirm filing and payment compliance
- Complete a detailed financial analysis
- Select the correct offer basis and payment option
- Submit the application and respond to IRS requests
- Review acceptance, return, rejection or appeal rights
What you receive
You work directly with Tayde Saenz, an Enrolled Agent authorized to represent taxpayers before the IRS. The goal is to replace uncertainty with an accurate account review, a carefully selected strategy and clear communication throughout the process.
Frequently asked questions
Does owing a large balance automatically qualify me?
No. The IRS evaluates ability to pay, income, expenses, asset equity and the specific legal basis for the offer.
Must returns be filed first?
The IRS generally requires all required returns and current estimated payments or employment-tax deposits before an offer can be processed.
Can the IRS reject an offer?
Yes. A rejected offer may carry administrative appeal rights, but the deadline and written decision must be reviewed promptly.
Important to know
No ethical tax professional can promise a particular IRS outcome before reviewing the complete facts. Eligibility, timing and results vary. Penalties and interest may continue to accrue until the liability is resolved or paid.
General information only. This page does not create a professional-client relationship.