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Offer in Compromise

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An Offer in Compromise allows you to settle your tax debt with the Internal Revenue Service or the Wisconsin Department of Revenue for less than the full amount that you may owe. An Offer in Compromise may be a legitimate option if you can’t pay your full tax liability, or if doing so creates a financial hardship. The Internal Revenue Service and the Wisconsin Department of Revenue considers your unique set of facts and circumstances:

  • Current Ability to Pay
  • Current Income
  • Current Expenses
  • Asset Equity

They generally approve an Offer in Compromise when the amount offered represents the most that they can expect to collect within a reasonable amount of time.

There are many additional qualifications and considerations that go into the Offer in Compromise process. Call 608-233-9769 or email us at today to see if this may be an option for you.