Tax Services
Offer In Compromise
An Offer in Compromise (OIC) is an IRS program that allows qualifying taxpayers to settle their tax debt for less than the full amount owed. When your tax liability exceeds what you can realistically pay — based on your income, expenses, and assets — an Offer in Compromise may be the most effective path to a fresh start. At Dominion Mind Inc, we evaluate your eligibility, prepare a compelling offer, and guide you through the entire process with the IRS.
Settlement for Less Than You Owe — When the Numbers Support It
The IRS accepts an Offer in Compromise when it concludes that the offered amount represents the most it can reasonably expect to collect from you — either because full payment would create economic hardship, there is doubt about whether the full liability is actually owed, or there are exceptional circumstances that make collection inequitable. The program is legitimate and well-established, but it is also highly scrutinized. The IRS rejects offers that are not properly documented and supported. Professional preparation is not optional — it is the difference between acceptance and rejection.
How We Help
Eligibility Analysis
Before preparing an offer, we conduct a thorough analysis of your financial situation — income, allowable expenses, asset equity, and future earning potential — to determine whether you are a realistic candidate for an Offer in Compromise and what offer amount the IRS is likely to accept.
Reasonable Collection Potential Calculation
The IRS evaluates every offer against your Reasonable Collection Potential (RCP) — the formula it uses to determine the minimum it will accept. We calculate your RCP precisely, identify every allowable deduction, and structure your offer to align with what the IRS's own analysis should produce.
Offer Preparation and Documentation
A complete OIC submission includes Form 656, detailed financial statements on Form 433-A (OIC) or 433-B (OIC), supporting documentation, and a clear narrative. We prepare every component of the submission to present your case in the strongest possible light.
Doubt as to Collectibility Offers
The most common basis for an Offer in Compromise is Doubt as to Collectibility — the IRS cannot collect the full amount owed within the remaining collection statute. We build the financial case that supports this basis and document it thoroughly.
Doubt as to Liability Offers
If there is a legitimate question about whether the tax assessed is actually owed — due to an error in the assessment, a missed deduction, or a disputed legal position — a Doubt as to Liability offer may be appropriate. We evaluate the underlying liability and prepare the offer accordingly.
Effective Tax Administration Offers
In rare circumstances where collection of the full liability would be inequitable or create exceptional hardship — even if the taxpayer technically has the ability to pay — an Effective Tax Administration offer may be available. We assess whether this basis applies to your situation.
IRS Negotiation and Appeals
If the IRS rejects or counters your offer, the process is not over. We respond to IRS inquiries, negotiate with the assigned examiner, and pursue an appeal through the IRS Office of Appeals when appropriate to maximize the likelihood of acceptance.
Post-Acceptance Compliance
Acceptance of an Offer in Compromise comes with a five-year compliance requirement — you must file all returns and pay all taxes on time during that period or the offer defaults and the original liability is reinstated. We advise on maintaining compliance so your fresh start stays intact.
Who May Qualify for an Offer In Compromise
Find Out If an Offer In Compromise Is Right for You
Not every taxpayer qualifies — but for those who do, an Offer in Compromise can resolve years of tax debt for a fraction of the balance. Contact us for a confidential evaluation of your situation.
You May Owe Less
Than You Think.
An Offer in Compromise is a legitimate IRS program — not a gimmick. For qualifying taxpayers, it can resolve years of debt for a fraction of the balance. Let us find out if you qualify.
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