IRS Tax Debt Relief/Offer in Compromise (OIC)

This a program offered by the IRS that allows you to pay less than what you owe and clears all your tax debt. This tax resolution program does not fit every person who owes the IRS. You must demonstrate that you cannot pay your IRS tax debt from your assets and income. However, Allen Powell Tax Law Group professionals have used this tool to help numerous people in your similar circumstances.

You’ve probably heard the term ‘pennies on the dollar’ from several out of state hucksters on TV and radio, promising you that your IRS tax debt will be cleared shortly after you pay them. What they don’t tell you is that a large percentage of people who attempt to clear their debt with an OIC are rejected. Be assured that the IRS does not operate a giveaway program. We know how to meet the stringent standards of the OIC program. The completion and analysis of the IRS Collection Financial Statement is the starting point for an Offer in Compromise. You need knowledgeable and experienced guidance through this process to be successful.

The professionals at Allen Powell Tax Law Group mastered the IRS offer program as an Offer in Compromise Specialist and as an Offer in Compromise Appeals Officer while inside of the IRS. You are truly getting an insider’s understanding of the IRS systems and programs when you hire us.

State Tax Debt Relief

Most states' taxing authorities are known to be notoriously difficult to work with. Let Allen Powell Tax Law Group deal with the hassles and burden for you.

OIC Rejection Appeals

If your OIC has been rejected call us immediately. There is a limited time to appeal the rejection, in most cases in as little as 30 days

Installment Agreements

As the name suggests, this is a program offered by the IRS that allows monthly installment payments to retire your IRS tax debt. Your monthly payments are directly tied to your ability to pay. Your ability to pay is determined from an IRS Collection Financial Statement which uses national and local standards to limit what you are allowed to spend for living expenses. It may seem simple enough but if you give the IRS the wrong information or incomplete information you may end up with a payment that you cannot afford.

Collection Due Process Hearing

by law, this is an appeal/hearing that you receive when the IRS initiates a tax lien against your or when the IRS is intending to levy your wages or bank accounts, etc. You are given the right to dispute the planned levy or the lien already filed or to file collection alternatives to the planned IRS actions. You must respond within 30 days of the date of the letter that notified you of your hearing rights. If you receive this letter, call Allen Powell Tax Law Group immediately.

Hardship Status/Currently Not Collectible (CNC)

This is a status that is given to IRS tax debtors where the IRS has decided to suspend collection activity for the foreseeable future because it is determined that debtor (you) do not have the ability to pay. This determination is also tied to the IRS’ Collection Financial Statement, thus, a careful analysis performed by an experienced professional is of utmost importance. When this determination or status is entered, the IRS sets the future income amount that that will trigger the lifting of the suspension. In some cases, that amount is never reached and your tax liability expires and in other cases the income amount is reached as soon as 1-2 years. One important consideration is that you still owe the tax liability and the penalties and interest continue to accumulate on your tax liability. You are just not asked to pay it at the time of the determination due to your inability to pay.

Expired Tax Liabilities/ Collection Statute Expiration Date (CSED)

Sometimes called the Statute of Limitations (SOL). The IRS has 10 years to collect the tax liability from you starting from the time that the tax goes onto the IRS books. For example, you filed your return on April 15, 2003 with a balance due but the taxes are not assessed (put on IRS books) until June 10, 2003. The 10 year clock starts ticking on this date. The IRS has until June 10, 2013 to collect the tax liability from you or the tax liability expires (you no longer owe it). There are several situations that make the clock stop ticking, for example, the time period you are in bankruptcy plus additional months or when you are out of the country or when you file for an offer in compromise. These are times that the IRS cannot collect from you so these times periods are added back on the back end of your CSED. The tax professionals at Allen Powell Tax Law Group review and monitor these dates for you ensuring that you do not pay on a tax liability that has expired.

Other Services

  • Lien Releases
  • IRS Penalty Relief
  • Trust Fund Recovery
  • Penalty Lien Discharge
  • Tax Audit Defense
  • Audit Reconsiderations