Clarity Tax Resolutions: Expert Tax Debt Settlement Solutions

Master Your IRS Tax Debt with Professional Guidance Facing IRS tax debt can be daunting, but you don’t have to navigate it alone. At Clarity Tax Resolutions, our team of IRS agents, managers, and instructors brings over of combined experience to the table. We specialize in IRS tax debt settlements, including the widely known Offer in Compromise (OIC), and are dedicated to helping you find the best resolution for your unique situation.

Understanding IRS Tax Debt Settlements

What is an Offer in Compromise (OIC)? An Offer in Compromise (OIC) allows you to settle your tax debt for less than the full amount owed. This option is designed for individuals who would face severe financial hardship if required to pay their entire tax liability. The IRS evaluates several factors, including:

  • Your ability to pay the tax
  • Income and expenses
  • Equity in assets

The IRS typically approves an OIC when the offered amount represents the maximum they can reasonably expect to collect. However, not everyone qualifies, and the program is highly competitive:

  • 52,000 Offers in Compromise are filed each year.
  • Only 12,000 are accepted.
  • The average settlement is 14 cents on the dollar.
  • Processing typically takes five months, and about 50% end up in the Appeals Division.
  • The IRS dedicates 20-40 hours to each OIC, involving a thorough review of credit reports, financial history, and future earning potential.

Our Proven Tax Debt Settlement Process

Free Consultation:

  • We start with a comprehensive evaluation of your case. Our goal is to provide an honest assessment and ensure your case is strong before moving forward.

Document Preparation:

  • Complete the necessary IRS Forms 656 (Offer in Compromise) and 433-A (OIC) for individuals or 433-B (OIC) for businesses.
  • Draft a detailed statement of facts and gather supporting documentation.

Submission and Payment Options:

  • Submit your completed forms, supporting documents, a $150 non-refundable application fee, and the initial payment.

Payment Options:

  • Option 1: Pay 20% of the total offer amount with your application, then settle the remaining balance in five or fewer installments after acceptance.
  • Option 2: Make an initial payment with your application and continue monthly payments while your offer is under review. Complete payments until the full amount is settled if accepted.

If you meet Low Income Certification criteria, you may be exempt from the application fee and initial payment, and monthly installments may not be required during evaluation.

Offer Evaluation:

  • During evaluation, your payments will be applied to your tax liability, and the IRS will halt collection efforts. The legal assessment and collection period will be extended.
  • If the IRS does not decide within two years, your offer is automatically accepted.

Why Choose Clarity Tax Resolutions?

  • Expertise: Our team consists of tax professionals and former IRS agents with extensive knowledge of IRS procedures and tax debt resolution.
  • Comprehensive Support: We guide you through every step of the OIC process, ensuring accurate completion and submission of all paperwork.
  • Effective Advocacy: Leveraging our proven strategies, we enhance your chances of a successful resolution.

Act Now

Don’t let unpaid taxes overwhelm you. Contact Clarity Tax Resolutions today for a free consultation and let our experienced professionals guide you through the IRS tax debt settlement process with confidence. Our commitment is to protect your rights and secure the best possible outcome for your tax situation.