Expert Offer in Compromise Services in Washington DC
Reduce Your Tax Debt with Our Proven IRS Offer in Compromise Success Rate
At Business & Financial Solutions (BFS), we specialize in helping taxpayers resolve their IRS debt through the Offer in Compromise (OIC) program. Our track record of accepted offers significantly exceeds the national average, serving clients throughout Washington DC, Maryland, and Virginia. While an OIC is one powerful solution, we also offer comprehensive IRS payment plan options to ensure you receive the most suitable resolution for your situation.
Understanding the Offer in Compromise Program
An Offer in Compromise allows qualified taxpayers to settle their IRS tax debt for less than the full amount owed. The IRS evaluates each case based on the taxpayer’s unique financial situation and their reasonable collection potential. Our experienced CPAs and Enrolled Agents guide you through this complex process, ensuring your best chance of acceptance. If you’re currently facing immediate collection actions, our team can also assist with tax levy release while we work on your OIC application.
Three Types of Offer in Compromise Applications
Doubt as to Liability
When there are legitimate reasons to believe your tax liability is incorrect, we can help challenge the assessment through an OIC. Our team thoroughly reviews your tax documentation to build a strong case. We can also help address any existing tax liens during this process.
Doubt as to Collectibility
Most successful offers fall under this category. If your assets and income are insufficient to pay the full tax liability, we can negotiate with the IRS based on your actual ability to pay. Through careful financial analysis and documentation, we help present your case in the most favorable light possible while maintaining strict compliance with IRS requirements.
Effective Tax Administration
In cases where paying the full liability would create significant economic hardship, the IRS may accept an offer even if you have the means to pay. We help document and present compelling hardship cases, ensuring all relevant factors are properly considered in your application.
Our Unique Approach to Offer in Compromise Success
Business & Financial Solutions maintains a selective approach to OIC cases. We only proceed with applications when we assess at least a 90% chance of acceptance. This commitment to quality over quantity ensures:
- Maximum success rate for our clients
- Efficient use of your time and resources
- Protection from unnecessary filing fees
- Realistic expectations throughout the process
The BFS Offer in Compromise Process
Our structured approach typically spans 8-12 months:
- Initial Consultation and Financial Review
- Pre-qualification Assessment
- Documentation Preparation
- Strategic Offer Amount Calculation
- IRS Submission and Response Management
- Negotiation and Resolution
Why Choose BFS for Your Offer in Compromise
Unlike firms that promise unrealistic “pennies on the dollar” settlements, we provide honest assessments based on decades of experience. Our team of CPAs and Enrolled Agents thoroughly understands IRS guidelines and negotiation strategies. We maintain strong professional relationships with IRS representatives and stay current with all tax law changes affecting the OIC program.
What Sets Us Apart:
- Above-average acceptance rate
- Transparent pre-qualification process
- Direct communication with assigned tax professional
- Four convenient office locations
- Comprehensive financial analysis
Service Areas
We assist clients throughout:
- Washington DC
- Rockville, Maryland
- Frederick, Maryland
- Montgomery County, Maryland
- Northern Virginia
- Remote services available nationwide
Start Your Path to Tax Resolution
Contact Business & Financial Solutions today for a confidential consultation regarding your tax situation. Our experts will provide an honest assessment of your Offer in Compromise qualification at no obligation. For detailed information about the OIC process, you can review the IRS Official Offer in Compromise Booklet. If you need additional assistance, the Taxpayer Advocate Service provides independent support for taxpayers.
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Business & Financial Solutions – Your Trusted Partner in Forensic Accounting and Financial Excellence