Creative Tax Solutions offers a variety of tax relief services, such as an offer in compromise West Palm Beach Tax Fresh Start Solution, Some help can include, tax liens withdrawal, penalty abatement, installment agreements, and innocent spouse relief. Many taxpayers in West Palm Beach and the nearby areas have benefited from their team of skilled tax attorneys’ fresh start solutions which helped them recover control of their money.
Working with Creative Tax Solutions has several benefits, but one of the biggest is their expertise in the tax relief procedure. They are knowledgeable about the eligibility requirements for various tax fresh start solutions and the intricacy of the tax legislation.
What is Offer in Compromise (OIC)?
OIC is a Fresh Start Solution for Taxpayers who might be having trouble making complete and on-time tax payments. You’re not the only one in West Palm Beach who is battling tax trouble. We’ll go over some of the tax relief initiatives and Fresh Start Solutions in West Palm Beach, along with how you might benefit from them, in this detailed guide.
How Offer in Compromise Works
The IRS permits people to settle their tax debts for less than the full amount owing under the OIC program. There are two ways to do this:
- Lump Sum Offer: The taxpayer offers to make a lump sum payment for the total settlement amounts.
- Periodic Payment Offer: The taxpayer offers to pay the settlement sum over time in a series of installments.