New York Tax Law Attorney

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Areas of Practice
Tax Law
IRS Audits
State Audits
Negotiations and Settlement of Tax Liabilities
Offer in Compromise
Payment Plans, Installment Agreements
Tax Liens
Bank Levies
Wage Garnishments
Preparation of Tax Returns
Employment and Payroll Taxes
Criminal Tax Representation
Bankruptcy for Tax Debts
Tax Planning
IRS Representation
Tax Appeals & Litigation
International Tax
Taxation of Foreign Investments
Other Areas of Practice

Tax Attorney in New York City

Offer in Compromise (OIC): Settle Your IRS Tax Debt

An offer in compromise, or OIC, is an agreement between the IRS and a taxpayer that settles the taxpayer's tax debt for less than what is owed. There are situations where a taxpayer is facing serious tax debt and is unable to work out a payment plan. In these cases, an offer in compromise may be the best option. An offer in compromise may significantly reduce your tax debt, enabling you to pay only a small portion of your taxes. Whether an offer in compromise is accepted will be in the hands of the IRS to determine. They have no obligation to accept a settlement and a determination will be made on a case by case basis.

A New York City tax attorney at our law firm can help you in seeking an offer in compromise with the IRS. Because there is no requirement that your offer be accepted, it is crucial that your case is properly presented to the IRS. Our team of professionals can prepare full documentation and correctly present your offer in compromise.

We will work to determine what grounds may exist for your offer to be accepted and will go about building a compelling case on your behalf. An offer in compromise may only be accepted by the IRS under certain circumstances. This may be established by proving that the tax debt was incorrectly assessed, that the taxpayer will never be able to pay the debt, or that paying the tax debt will present an unfair and undue hardship on the taxpayer.

Manhattan and Brooklyn Offer in Compromise Lawyer

Our firm represents taxpayers in Brooklyn, Manhattan and throughout New York City. We can assist you in seeking an offer in compromise that will help you handle your tax debt once and for all. To learn more about our services, contact a New York City tax lawyer today!

Rockefeller Center 7th Floor 1230 Ave. of the Americas New York, NY 10020
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Melnik Law Group, PLLC - New York Tax Attorney
Located at One Rockefeller Plaza, 10th Floor New York, NY 10020. View Map
Phone: (800) 517-5110