Tax Settlement
Overview
What Are Tax Settlement Services?
Tax settlement services involve working with tax authorities to resolve your tax debt for less than the full amount owed or to establish manageable payment terms. Our professionals analyze your financial circumstances and advocate on your behalf, aiming to secure agreements that relieve your financial burden and prevent further penalties or enforcement actions.
The Oasis Firm's Comprehensive Approach
End-to-End Support
Expert Negotiation
Personalized Solutions
Local and National Service
Steps to Resolving Your Tax Debt
Free Consultation: We assess your financial situation and tax debt.
Financial Analysis: Our experts determine the best settlement options for you.
Submission of Forms: We handle all paperwork and documentation.
Negotiation: We represent you in discussions with the IRS or state agencies.
Compliance: We help you fulfill all terms of your settlement and maintain future compliance.
What to do?
Key Tax Settlement Options
1. Offer in Compromise (OIC): We help you apply for an OIC, which allows you to settle your tax debt for less than the total owed if you meet IRS criteria. Your benefits will be:
Potentially resolve tax debt for a reduced amount
Achieve a fresh start and move forward financially
Customized solutions based on your ability to pay
2. Installment Agreements: If paying your tax debt in full isn’t possible, we negotiate installment agreements that let you pay over time with affordable monthly payments. Your benefits will be:
Spread payments over several months or years
Reduce immediate financial pressure
Stay compliant while resolving your debt
3. Currently Not Collectible (CNC) Status: For those facing significant financial hardship, we can request CNC status to temporarily halt IRS collection actions until your situation improves. Your benefits will be:
Immediate relief from collection activities
Time to recover financially without added stress
No payments required while in CNC status
4. Penalty Abatement: If you have a valid reason for falling behind on taxes, such as illness or natural disaster, we can seek penalty abatement to reduce or eliminate penalties and interest. Your benefits will be:
Lower your overall tax liability
Prevent penalties from compounding your debt
Restore your financial standing more quickly
