Understanding Offer in Compromise: Insights from a Former IRS Agent

Contact Us:
💻 Visit our website for more info: https://sullivan4irsmatters.com/
📨 Email us at [email protected]
📞 Call us for solutions: 954-328-3501

Welcome to my YouTube channel! I’m Sullivan, a former IRS agent and teaching instructor with over 41 years of experience in tax defense. During my decade at the IRS, I worked on thousands of cases and taught the Offer in Compromise program. As a national figure in IRS resolution, I’m here to share the truth about the complexities of tax negotiations and how to successfully navigate the Offer in Compromise process.

In this video, I’ll delve into why so few Offers in Compromise get accepted. The truth is that many people don’t fully understand the process or the requirements. There are two main reasons for this: First, a lack of knowledge about what the IRS is looking for when evaluating an Offer in Compromise. Second, some individuals submit offers that should never have been filed in the first place.

Having reviewed countless offers during my time at the IRS, I’ve seen how misconceptions fueled by aggressive marketing can lead taxpayers to believe that their offers will automatically be accepted. Unfortunately, this is far from the reality. The IRS has stringent standards and is meticulous in its review process. If you’ve ever encountered big box tax firms or seen ads claiming they can settle your debt quickly, you may have fallen into a trap. I frequently receive cases from clients who have been disappointed by firms like Optima Tax Relief. These companies often rely on aggressive sales tactics rather than sound tax resolution strategies.

So, what does the IRS really consider when evaluating an Offer in Compromise? The IRS focuses on two critical factors: the value of your assets and your income and expenses. They use these criteria to determine a reasonable offer amount. It’s essential to prepare your financial statements accurately before submitting any offer. If you're unsure about your financial situation or how to present it to the IRS, seeking help from a professional is crucial.

Before you submit an Offer in Compromise, make sure you have a qualified expert review your financial statements. Many individuals believe they can handle this on their own or receive guidance over the phone, but the reality is that you need to see a detailed financial statement to understand your offer’s likelihood of acceptance.

If you’re looking for professional assistance, I’m here to help! I personally answer my phone and would be happy to look at your financial situation before taking on any case. Remember, the Offer in Compromise process is specific, and last year, the IRS only accepted about 13,000 offers.

If you find value in my insights, please consider subscribing to my channel for more expert advice on navigating the IRS and managing your tax obligations. Thank you for watching!

Contact Us:
💻 Visit our website for more info: https://sullivan4irsmatters.com/
📨 Email us at [email protected]
📞 Call us for solutions: 954-328-3501

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