An Offer in Compromise is how you legally settle your IRS tax debt for less than the full amount owed. It is real. It works. But it is not easy, and most people who apply on their own get denied.
The IRS approves an Offer in Compromise only when the numbers show they are unlikely to collect the full balance within the legal collection period. This comes down to your reasonable collection potential: what the IRS believes it can realistically get from you through income and assets.
At Keeton Tax Law PLLC, we represent Nevada individuals and business owners seeking IRS tax debt settlement through the Offer in Compromise program. We do not submit offers hoping for sympathy. We build them on documented financial analysis and a winning strategy.
How we handle the process
- Conducting a thorough financial analysis
- Determining eligibility under IRS hardship standards
- Preparing and submitting all forms and supporting documentation
- Negotiating directly with the IRS Offer in Compromise unit
- Responding to IRS inquiries and defending the offer if challenged
- Appealing the process if we believe the IRS got the wrong result
What to know before applying
An Offer in Compromise is not about asking the IRS to be generous. It is about proving, with documentation and calculation, that accepting less now makes more sense than chasing you for years.
It is also not for everyone. If you have the ability to pay through an installment agreement, the IRS will expect you to do so. If your income is too high or your assets are too liquid, an offer will likely be rejected, but you may still qualify for currently not collectible status.