Settle IRS Debt for Less Than You Owe
If you owe the IRS more than you can reasonably pay, an Offer in Compromise (OIC) can be a powerful solution. This program allows you to negotiate with the IRS to settle your tax debt for less than the full amount, giving you a fresh financial start while avoiding aggressive collection actions.
En Perez-Roura Law, our Miami tax resolution attorneys help individuals and businesses determine whether they qualify for an OIC, prepare a compelling application, and negotiate directly with the IRS to secure the best possible terms.
What Is an Offer in Compromise?
An Offer in Compromise is a formal agreement between a taxpayer and the IRS that resolves outstanding tax liabilities for a reduced amount. The IRS agrees to accept less than the total owed if it determines that full payment would create an undue financial hardship or is not collectible within a reasonable timeframe.
When is OIC right for you?
You may be eligible for an Offer in Compromise if:
- You cannot pay the full amount of your tax debt without severe financial hardship.
- Your income, assets, and expenses show that paying the full balance is not realistic.
- There are legitimate questions about the accuracy of the tax amount owed (doubt as to liability).
- Collecting the full debt would create inequitable or unfair circumstances, even if you technically could pay (adequate tax administration grounds).
Before submitting an OIC, the IRS carefully reviews your financial situation — including your bank accounts, assets, income, and expenses — to determine what you can reasonably pay.
Benefits of an OIC
- Settle debt for less than owed, often for a fraction of the original balance.
- Pause IRS collections while your offer is being reviewed.
- Eliminate financial pressure and restore peace of mind.
- Potential to qualify for lien withdrawal Autoriza release of wage garnishments and bank levies once accepted.
- Resolve your tax issues permanently and avoid future enforcement actions.
The OIC Process – How We Help
Securing approval for an Offer in Compromise can be a complex process. The IRS only accepts a small percentage of applications each year, often rejecting those that are incomplete or poorly supported. Working with an experienced tax attorney can make all the difference.
Our legal team at Perez-Roura Law will:
- Evaluate your eligibility through a comprehensive financial analysis.
- Prepare IRS Form 656 and the required financial statements (Form 433-A or 433-B).
- Develop a negotiation strategy tailored to your circumstances.
- Communicate and negotiate directly with the IRS, handling all correspondence.
- Protect you from collection actions during the review period.
- Ensure compliance with IRS requirements after acceptance to maintain the benefits of the OIC.
Why Work with Perez-Roura Law?
Unlike generic tax resolution firms, our Miami tax attorneys provide personalized legal representation, backed by a deep understanding of IRS procedures and Florida-specific financial considerations. We’re here to protect your rights, minimize your debt, and give you the breathing room to rebuild your financial life.
Speak with an Offer in Compromise Lawyer in Miami
If you’re struggling with tax debt, an OIC might be your best path toward resolution. The sooner you act, the stronger your case can be.
Call Perez-Roura Law today at (305) 570-3259 or contact us online to schedule a free consultation with a Miami Offer in Compromise attorney. Let us help you negotiate with the IRS and protect your financial future.