Tampa Tax Attorneys Assisting With Offer in Compromise Agreements Serving Sarasota, St. Petersburg, Clearwater and All of Florida

“Offer in Compromise” agreements are negotiation instruments that can be used by tax professionals when representing their clients’ need for tax debt relief to the government tax authorities. This may be the best possible solution for a taxpayer in need of tax debt relief, as it can not only remove the penalties assessed by the government, but it can actually reduce the tax liability to a lower amount than that already owed. This process is lengthy and complicated and the taxpayer must demonstrate an inability to pay the tax liability in full.

Even where a taxpayer has every intention of paying the government, it can sometimes be extremely difficult for the taxpayer to come up with the money that is owed. Under these circumstances, a taxpayer with knowledgeable counsel may be able to work with the government to lessen the financial burden imposed by the tax debt.

Unless specific circumstances are met, the government will probably not accept a compromise agreement for less than the amount already owed unless the taxpayer can demonstrate that they can pay the amount in a lump sum or in a negotiated payment agreement. The tax professionals at Yesner & Boss P.L. will be able to effectively negotiate on your behalf to obtain the best outcome possible on an offer in compromise to reduce your tax debt. Whether you are in Tampa, St. Petersburg, Clearwater, Brandon, Sarasota, New Tampa, or anywhere in Florida, contact Yesner & Boss, P.L. to set up a consultation.