IRS Offer in Compromise   Case accepted
Channel: EA Tax Resolutions
Date: 22/06/2021

EA Tax Resolutions Website: https://eataxresolutions.com/?utm_source=Youtube&utm_medium=Video&utm_campaign=IRS+Offer+in+Compromise+++Case+accepted
EA Tax Resolutions Phone Number: 800-245-0596
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🤵 IRS Offer in Compromise Consultation in depth: https://calendly.com/anthony-eataxresolutions/discovery-call
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This is an example of the entire IRS offer in compromise from client of mine that got accepted by the IRS. We ended up settling about $400k of tax debt for about $27k. We go through all the documents filed, the IRS response, our rebuttal with some additional documents and eventually the settlement and letter showing the offer was accepted by the IRS!

00:00 Intro/Summary of Offer in Compromise Case – Accepted
01:22 IRS Form 433-A OIC used to get IRS Offer in Compromise accepted
08:54 IRS Form 656 used to get IRS Offer in Compromise accepted
10:53 List of Documents included in IRS Offer in Compromise
11:42 IRS Response to Offer in Compromise documents filed
16:42 Additional Documents requested to complete Offer in Compromise
20:43 IRS Response to Offer in Compromise additional documents filed
24:41 Letter showing IRS Offer in Compromise got accepted

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Helpful Resources:

IRS Phone Number: Individuals
800-829-1040
7 a.m. to 7 p.m. local time

IRS Form 433-A (OIC) (Rev. 4-2021)
https://www.irs.gov/pub/irs-pdf/f433aoi.pdf

IRS Form 656 (April 2020)
https://www.irs.gov/pub/irs-pdf/f656.pdf

IRS Financial Collection Standards
https://www.irs.gov/businesses/small-businesses-self-employed/collection-financial-standards

Internal Revenue Manual - Offer in Compromise - Financial Analysis
https://www.irs.gov/irm/part5/irm_05-008-005r

IRS Withholding Calculator
https://www.irs.gov/individuals/tax-withholding-estimator

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Other Helpful Videos:

🔴 How the CSED can affect your IRS Offer in Compromise: https://youtu.be/aQCLsDIBU5s

🔴 How to make quarterly tax payment:
https://www.youtube.com/watch?v=eh1yQiPquAw

🔴 IRS Form 433-A (OIC) Offer in Compromise Example - numbers used that got accepted by IRS.
https://www.youtube.com/watch?v=ASqhcDX3OM4

🔴 IRS Form 433 A OIC & 656 - Offer in Compromise Example of Offer that was accepted: https://www.youtube.com/watch?v=Nb9Fc2JeoiU&t=3s

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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