Offer in Compromise: Settle IRS Debt for Less
An offer in compromise lets qualifying taxpayers settle their IRS debt for less than the full amount. It is not right for everyone, so we start with an honest assessment of whether you qualify.
Who qualifies
The IRS accepts an offer when it believes the amount offered is the most it can reasonably collect. It looks at your equity in assets plus your future disposable income — called your reasonable collection potential. If that is less than what you owe, an offer may make sense. Offers can also be based on doubt that the tax is correct, or on exceptional circumstances.
An honest assessment first
Many companies promise to settle for "pennies on the dollar." The truth is most offers are not accepted because they were never a good fit. We run the numbers with you first. If an offer is unlikely to work, we will tell you and recommend a payment plan, penalty abatement or currently-not-collectible status instead.
Serving Missouri City and the Greater Houston Area
Visit our office or work with us virtually. We serve clients in Missouri City, Sugar Land, Stafford, Houston, Pearland, Richmond, Rosenberg and across the US. Tax help for Missouri City, Houston, Sugar Land, Stafford and Pearland.
- 2440 Texas Pkwy, Suite 370F
Missouri City, TX 77489 Mon–Sun: 8:00 AM – 8:00 PM
Saturday and Sunday by appointment- (346) 212-9431
Frequently Asked Questions
Can I really settle my tax debt for less than I owe?
Sometimes. It depends on your income, expenses and assets compared to the balance. We calculate your reasonable collection potential so you know your chances before applying.
Do I have to be current on my taxes to apply?
Yes. The IRS requires all required returns to be filed and current-year estimated payments made before it will consider an offer. We can get you current first.
Related Services
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Can't pay the IRS in full? Enrolled Agents in Missouri City, TX set up IRS installment agreements and payment plans that fit your budget and stop collections.
Back Taxes & Unfiled Returns
Haven't filed in years or owe back taxes? Enrolled Agents in Missouri City, TX file your missing returns, reduce penalties, and set up a plan with the IRS.
IRS Representation
Owe the IRS or got a notice? Enrolled Agents in Missouri City, TX handle IRS letters, audits, back taxes, payment plans, offers in compromise and levies.
Talk to a Tax Professional Today
Mon–Sun: 8:00 AM – 8:00 PM. Saturday and Sunday by appointment.