OFFER IN COMPROMISE WINTER PARK

Can you really settle with the IRS for less? Sometimes. An offer in compromise is designed for situations in which the full amount probably cannot be collected. For a retiree on a fixed income or a former business owner with few assets, it may be worth looking into.

How the IRS looks at it

It considers your income, necessary expenses and assets, including equity in your home. Winter Park property values can make equity an important factor.

Common questions

Do I need to be current? Generally, you must have filed all required returns.

Is there a cost? An application fee and initial payment are generally required, unless you qualify for a low-income waiver.

Is approval guaranteed? No, and many offers are not accepted.

Our approach

Our offer in compromise representation begins with the numbers. If an offer seems unlikely, we will tell you, and we can look at alternatives such as an IRS payment plan.

Let's set a time. Call 407-720-7220 or send us a message to make an appointment. Fajardo & Associates serves Winter Park clients from our Orlando office at 7380 W. Sand Lake Road, Suite 500.