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IRS Offer in Compromise

IRS Offer in Compromise

Call our Trusted Plymouth Meeting Bankruptcy Attorney

If you’re filing for bankruptcy and find yourself facing a substantial amount of tax debt, an Offer in Compromise (OIC) may be the best solution for you to settle your debts for less than the full amount you owe. When pursuing an OIC, it’s absolutely crucial that you retain the legal services of an experienced bankruptcy attorney from Eugene A. Composano, Attorney at Law.

Attorney Composano has more than 25 years of legal experience guiding clients towards a debt-free future. Overcoming the financial hardships of bankruptcy is a complex process – by coming to our firm, you can trust that you are putting your best foot forward.

Regain control of your life. Call Eugene A. Composano, Attorney at Law at (610) 813-2140 today to learn how we can help.

What is an Offer in Compromise?

An Offer in Compromise is an agreement made with the IRS, which qualifies individuals to settle any unpaid tax debt. The IRS will approve OICs when the amount offered is the most that can be collected within a reasonable period of time. While an OIC is a viable option for some individuals – it isn’t for everyone. It’s imperative that you sit down with an experienced attorney to come up with a repayment plan that best suits your needs.

Before approving an OIC, the IRS will look at your:

  • Ability to pay
  • Income
  • Expenses
  • Asset equity

Start Your New Beginning With Us

Our firm is focused on helping clients reach complete financial freedom. While being consumed by debt may feel hopeless, hope is anything but lost at our firm. From the moment you meet with our dedicated Plymouth Meeting bankruptcy attorney, you’ll see first-hand how passionate we are in getting our clients back on their feet.

Start resolving your financial problems today! Contact our law office to request a free evaluation.

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