State and Federal Tax Relief Through Offer-In-Compromise in Waterbury, CT

If delinquent taxes become too large to be payable in full over time, the best alternative is a reduced payment customized to the taxpayer's available assets and future financial condition. This procedure means that you need to convince the State or Federal revenue officer to accept less than the full amount of the debt. These offers can be fully acceptable, even if they are drastically below the tax amount so long as they are proper in accordance with collection standards.

 

To reach an acceptable Offer-in-Compromise settlement, you need and deserve the best and most experienced tax relief professional to represent your interests and protect your future.

Seek experienced and local counsel through a free and thorough initial consultation with an experienced Waterbury tax relief attorney at the Law Offices of Neil Crane. Call us today at 203-230-2233 or toll free at 1-888-249-3027 to speak with us today.

Acceptance of a Tax Offer-in-Compromise

While the relief available in an Offer-in-Compromise is extraordinary and life-saving, the process involves strict rules and standards. Failure to comply with these somewhat complicated guidelines will result in long delays, larger tax obligations and a denied offer.

Connecticut State Tax Offer-of-Compromise Solutions

All State tax offer attempts need to clearly document doubt as to liability or collectability of the tax in question. Since most cases don't involve doubt as to liability, collectability becomes the major issue of proof involved.

All submissions must include full back-up documentation and a Form CT 656a, and take into account existing as well as future assets and income. Any acceptable offer involves a full disclosure of existing and future

  • Assets
  • Liabilities and
  • Income.

Maximize your chances for an acceptable State Tax Compromise by calling us for a free initial consultation and analysis.

Federal Tax Offer-in-Compromise Solutions

Calculating the proper amount for an acceptable Offer-in-Compromise is the most critical element to this extraordinary Federal income tax relief and must include a careful analysis of:

  • Reasonable tax collection potential
  • Full Source Income Calculation
  • Allowable Monthly Expenses
  • Assets and Equity
  • Extraordinary Circumstances

Thorough Preparation and Presentation are Critical

An accepted Offer-in-Compromise depends on the experience and commitment of your local professional. Never rely on outside companies you've never even met. To learn more about your options, call the Waterbury tax solution attorneys at the Law Offices of Neil Crane at 203-230-2233 or toll free at 1-888-249-3027. We can analyze your options and get you back on track.