Am I eligible to apply for an IRS Offer in Compromise?

You must meet certain requirements in order to be eligible to file for an IRS Offer in Compromise (OIC). Some of the requirements include: You must have filed all required tax returns. You should have also made all the necessary payments. You are not in the process of filing for bankruptcy. You must have a valid extension for the current year's return You should be current in reference to your current tax obligation. Contact XL Consulting, LLC

What can I do if my OIC application is rejected?

Have you applied for OIC and been rejected? This is not the time to give up. You still have a chance. Scott Schneider at XL Consulting, LLC provides IRS Offer in Compromise services in New Jersey. He will review your case and figure out what your best options are. One of them could be to use Form 13711, Request for Appeal of Offer in Compromise, to appeal the rejection. This must be done within 30 days. Contact us

IRS Offer in Compromise Services in New Jersey | OIC Tax Professional

OIC Tax Professional Representing Clients in Bergen County, Camden County, Essex County, and Throughout the State

Do you have an overwhelmingly large tax debt? You may be eligible to seek an IRS Offer in Compromise (OIC). An OIC is an agreement between the IRS and a taxpayer that enables the taxpayer to pay less than the full amount they owe in tax liability. The IRS may accept an OIC if it appears that the agency will not be able to collect the tax owed by the taxpayer within the time limit, i.e., 10 years. However, the amount offered by the taxpayer must be equal to the amount that the agency can collect from the taxpayer’s disposable monthly income as well as their equity in assets. With an acceptance rate of only 20 percent for offers in compromise made annually, it becomes apparent that having an offer accepted is a highly challenging task. However, with XL Consulting, LLC at your side, led by the accomplished OIC tax professional Scott Schneider, who boasts an exceptional track record of over 80 percent success rate, you can expect comprehensive and effective IRS Offer in Compromise services in New Jersey. Our expertise not only significantly enhances your chances of success but also leads to substantial cost reduction, ensuring a favorable outcome for you.

At XL Consulting, LLC, we are committed to providing taxpayers with solutions to the tax issues they are facing. If you are thinking about applying for OIC or if your application has been turned down, you can count on Scott Schneider for advice, support, and representation.

Company owner and tax consultant Scott Schneider is a licensed enrolled agent. He previously worked for the IRS as a revenue agent. So he offers a unique perspective on tax problems and can provide you with effective solutions that protect your best interests.

Contact us to schedule a free initial consultation with experienced and skilled OIC tax professional Scott Schneider, and learn what your options are, what to expect, and how to improve your chances of success.

Contact Scott Schneider at XL Consulting, LLC to Find a Solution to Your Tax Issue Today.

How an OIC Tax Professional Can Help

If you are thinking about submitting an IRS Offer in Compromise (OIC) application or if your OIC application was turned down, you should think about getting professional help from Scott Schneider at XL Consulting, LLC. He can help with:

Prescreening

An OIC is not the right option for everyone. In fact, there could be other, better options for your situation. At XL Consulting, LLC, we offer a free initial consultation for taxpayers. You can have your case reviewed by OIC tax professional, Scott Schneider, who can help you determine whether you qualify and the likelihood of your application being approved.

Preparing your application

OIC applications are very long and detailed. We will guide you through the preparation of your application. You can rely on us to handle the details and ensure that all the right documents have been made available. We will ensure the right details are provided to increase your chances of success.

Determining an optimal offer

The IRS will not only review your circumstances but also consider your offer in order to determine whether or not to accept it. Calculating how much you should offer the IRS can be difficult. You must determine your reasonable collection potential (RCP) and make an offer that is equal to or greater than this figure. The IRS uses RCP to measure a taxpayer’s collectability. It is determined by the value of your assets as well as future income. Your basic living expenses are deducted to determine your RCP.

Scott Schneider will work to provide an offer that is sustainable for you. He will consider your assets, income, living expenses, and other factors to drive an offer that is acceptable to both the IRS and you.

If your offer has been rejected, Scott will guide you through the appeals process or help you explore other available options.

Do You Have a Tax Problem? Are You Facing Tax Liabilities That Amount to More Than $50,000? Get in Touch Today to Schedule a Free Initial Consultation With Tax Practitioner Scott Schneider of XL Consulting, LLC.

Contact Scott Schneider at XL Consulting, LLC for IRS Offer in Compromise Services in New Jersey

Are you seeking an IRS Offer in Compromise? Are you wondering whether an OIC is right for you? Contact Scott Schneider at XL Consulting, LLC for a free initial consultation. As an experienced Licensed Enrolled Agent, Scott can review your case and determine whether an OIC is the best approach to take.

Given that the IRS accepts approximately 20% of offers, engaging a professional to guide you through the process can substantially improve your likelihood of success while also resulting in cost savings. Scott Schneider offers the highest level of representation for his clients, ensuring an unparalleled level of support. Don't hesitate to contact him today to schedule your consultation and take the first step toward resolving your case.

IRS Offer in Compromise Services in New Jersey