OFFER IN COMPROMISE WINDERMERE

If you own a valuable home in Windermere, you may wonder whether an offer in compromise is even possible. The IRS looks closely at what it could collect, including home equity and other assets. So for many people here, the first question is whether an offer is realistic.

What the IRS considers

• Your income and necessary expenses
• Equity in your home and other property
• Bank accounts, investments and retirement funds
• Whether you have filed all required returns

An honest assessment

Offers take time and require detailed financial disclosure, along with an application fee and initial payment unless you qualify for a low-income waiver. We can run the numbers before you apply. If it is not a good fit, we can talk about alternatives, such as an IRS payment plan.

Call for an appointment. Fajardo & Associates serves Windermere from our office at 7380 W. Sand Lake Road, Suite 500, Orlando. Call 407-720-7220 or send us a message to set a time.