Offer in Compromise Scams

Each year, the IRS releases the “Dirty Dozen” list, a compilation of tax-related scams that taxpayers and the tax professional community should be wary of.

One item on the 2022 edition that has emerged as a prevalent issue in recent years is Offer in Compromise, or OIC, mills. These mills falsely claim that they can help taxpayers resolve their tax debt for pennies on the dollar, while charging exorbitant fees, often thousands of dollars.

Contact The Law Office Of Mary King PL Today

Tax attorney Mary King of the Law Office of Mary E. King, PL weighs in. She says, “An Offer in Compromise is an agreement between the taxpayer and the IRS to resolve outstanding tax debt. If you are considering using a third party for tax debt resolution, do your research, and make sure you choose a tax professional with a strong reputation.”

If you need help resolving your tax debt, your first step should be to consult the IRS website, where you can find the IRS’s Offer in Compromise Pre-Qualifier Tool and other resources. Additional guidance from an experienced tax attorney can also provide the protection you need.

For more information on submitting an Offer in Compromise and all of your tax-related questions, contact The Law Offices of Mary E. King, PL at 941-906-7585 or visit floridataxlawyers.com