Should I file for bankruptcy or seek an IRS offer in compromise?

There are benefits and disadvantages to each option. Both options will stop IRS enforcements such as levies and garnishments. However, you may have better results with bankruptcy than an Offer in Compromise and vice versa. This will depend on your particular situation. We offer taxpayers the opportunity to consult with an OIC tax professional in Paterson, NJ, and learn which would be the best option for your situation. Our free initial consultation includes a thorough review of your circumstances whereby we will explore the different options available to you and determine the best way forward. Contact us today

Can the IRS rescind an offer in compromise after accepting it?

Yes. The IRS can rescind an offer in compromise even after accepting it. This is often the case when the taxpayer defaults on paying the settlement. When the offer is rescinded by the IRS, the taxpayer is expected to pay the original debt in full. The IRS will also evaluate the tax owed by the taxpayer and determine penalties and interest that should have been paid for the period had the offer not been accepted. The taxpayer will be required to pay these penalties and interest. It is therefore important to keep up with your payments and avoid defaulting on your settlement. We provide Offer in Compromise services in Passaic County that also include post-offer acceptance guidance. We guide taxpayers to ensure that they remain compliant and are able to take full advantage of their OIC.

IRS Offer in Compromise Services in Passaic County | OIC Tax Professional in Paterson, NJ

OIC Tax Professional in Paterson, NJ Representing Clients in Passaic County and Throughout NJ

If you’re facing an overwhelmingly large tax debt, making an Offer in Compromise to the IRS may be a good option. An OIC will allow you to settle your debt by paying less. However, getting the IRS to accept an OIC can be very difficult. In fact, over 70 percent of the applications made every year are rejected by the IRS. You can improve your chances of success by seeking a professional IRS offer in Compromise services in Passaic County.

At XL Consulting, LLC, Scott Schneider is committed to providing taxpayers with effective solutions to problems they are facing. Work with an experienced OIC tax professional in Paterson, NJ who will provide you with personalized services aimed at seeking solutions that suit your particular needs and requirements. Scott has successfully represented businesses and individuals in offer compromise cases. He will work to substantially mitigate your federal tax debt and get you the relief you need. He will help you get a fresh start.

Contact us today to schedule a free consultation with an experienced tax professional and learn how Scott Schneider can help.

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

How IRS Offer in Compromise Services in Passaic County Work

If you’re considering making an IRS offer in compromise, you may be curious about how the process works. When you seek Scott Schneider at XL Consulting, LLC to work with an OIC tax professional in Paterson, NJ, you can expect support and guidance throughout the process.

We offer a free initial consultation to taxpayers. Our initial consultation is a great opportunity to explore different options and determine whether an OIC is the best option for you. We will review your case and explain your rights and help you consider the options available.
We will provide you with prescreening to determine whether you’re a good candidate for an OIC. We will help you determine your chances of success. If we find that you are not a good candidate for OIC, we will help you explore other options.
If you decide to go forward with the offer in the compromise option, we will handle all aspects of the application. We will guide you on the documents to submit and review them on your behalf. We will handle all communication with the IRS. You won’t have to worry about saying the wrong thing during a phone call or wondering how to reply to an email. We will stand in the gap so you can focus on other aspects of your life.
If your offer is accepted, we will be there to guide you through the process of settling your debt so you can ensure you remain in compliance and avoid having the IRS rescind their offer.
If your offer is rejected, we will guide you through the appeals process or help you explore other 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.

About IRS Offer in Compromise in Passaic County, NJ

Passaic County is a county located in New Jersey. It makes up part of the New York metropolitan area and had a population of 524, 118 as of the 2020 census. The seat of the county is Paterson. Passaic is recognized as one of the best places to live in New Jersey. Its proximity to many larger cities makes it an attractive place to settle for those seeking access to large city amenities as well as those that want to take advantage of the numerous job opportunities available in these cities.

The IRS receives more than 60,000 OIC applications every year. However, the agency approves only about 20 percent of these offers. This means that the chances of having your offer approved are slim. Contact Scott Schneider at XL Consulting, LLC to work with an experienced OIC tax professional in Paterson, NJ, and improve your chances of success.

Contact XL Consulting, LLC to Access High-Quality IRS Offer in Compromise Services in Passaic County

If you’re facing overwhelming debt, an IRS offer in compromise may be a great option to explore. Contact Scott Schneider at XL Consulting, LLC to schedule a free consultation with an experienced OIC tax professional in Paterson, NJ. We offer in-depth initial case reviews designed to give taxpayers a better understanding of their situation. Scott will explain your rights and explore all the options available to you. He offers personalized OIC services that will help improve your chances of success.

IRS Offer in Compromise Services in Passaic County

OIC Tax Professional in Paterson, NJ Representing Clients in Passaic County and Throughout NJ

How IRS Offer in Compromise Services in Passaic County Work

About IRS Offer in Compromise in Passaic County, NJ

Contact XL Consulting, LLC to Access High-Quality IRS Offer in Compromise Services in Passaic County

Frequently Asked Questions About IRS Offer in Compromise Cases in Passaic County