07/07/2022
This is an article from the IRS. I've been warning tax payers of these OIC mills for years. If you have tax debt and want to see if you qualify for an Offer in Compromise, please call me. I have had many hours of training and will guide you through this in a fair and ethical manner.
“Companies who promise to eliminate tax debt sometimes leave taxpayers high and dry
As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses who advertise and offer to help them reduce their tax debt. These businesses, often called Offer in Compromise mills, make huge claims about reducing unpaid taxes for pennies on the dollar. Unfortunately, these companies sometimes don’t deliver and charge large fees.
An Offer in Compromise with the IRS can help some taxpayers who can’t pay their tax bill.
An Offer in Compromise is an agreement between a taxpayer and the IRS that settles a tax debt for less than the full amount owed. The offer program gives eligible taxpayers a path toward paying off their debt when they otherwise couldn’t or would face financial hardship.
The OIC mills that are dishonest take advantage of taxpayers’ lack of knowledge to make a quick buck.
These OIC mills urge people to hire their company to file an OIC application, even though the taxpayer won't qualify. They often charge big fees to prepare applications that they know the IRS will deny. This unfair practice wastes taxpayers’ time and money.
The OIC mills that are dishonest are a problem all year long, but they step up their advertising after the filing season ends, when taxpayers are trying to resolve their tax issues. “