You could argue that nobody files an Oklahoma offer in compromise for fun. Nobody is looking to fail. Instead, Oklahoma taxpayers are looking to come to an agreement with the IRS and to resolve their outstanding federal tax problems.
However, the majority of taxpayers who file an offer in compromise are unlikely to be successful. According to information reported in Forbes in 2012, fewer than half of the offers in compromise filed with the IRS in 2007–2011 were approved by the IRS.
Why Some Oklahoma Offers in Compromise Fail
Generally, some offers in compromise fail because:
- The IRS believes the taxpayer can pay the full amount of tax liability in a lump sum or via a payment plan.
- The taxpayer has failed to provide all of the necessary documentation to the IRS.
- The taxpayer has failed to make a convincing argument to the IRS.
- The taxpayer has failed to file and/or pay taxes while the offer in compromise is pending.
- The taxpayer does not communicate effectively with the IRS.
Your offer in compromise does not need to fail for these reasons.
Will Your Oklahoma Offer in Compromise Succeed?
Without meeting you and reviewing your specific case, our Tulsa tax lawyers cannot tell you whether your offer in compromise will succeed. However, we can assure you that if an offer in compromise is the right solution for your outstanding IRS problems that we will work hard to make sure that your offer in compromise is not rejected for one of the reasons described above. Instead, we will fight hard to get you the fair settlement that you deserve.
For more information, please contact an experienced Tulsa tax attorney today at 800.721.7054 to schedule an initial consultation. We also invite you to download a FREE copy of our book, The Ultimate Survival Guide for IRS Problems, to learn more.