Offer in Compromise in Rochester
See if You Qualify for an Offer in Compromise in Rochester
Navigating the complexities of IRS issues can be daunting, but with the right help, resolving your tax problems can be simpler than you think.
For those in Rochester looking to settle their tax debts for less than what they owe, an Offer in Compromise (OIC) might be the solution.
Understanding whether you qualify and navigating the process can be much easier with a seasoned expert like Charles Young, CPA, who has been guiding individuals and businesses through such challenges for over two decades.
Understanding Offer in Compromises
An Offer in Compromise allows you to settle your tax debt for less than the full amount owed. This program is designed for taxpayers who will struggle to pay their full tax liability or when doing so creates financial hardship. The IRS considers your ability to pay, income, expenses, and asset equity in your OIC application.
Qualifications for an Offer in Compromise
To qualify for an OIC, you must meet specific criteria set by the IRS, which include:
- Doubt as to Liability: Uncertainty exists that the assessed tax is correct.
- Doubt as to Collectibility: Doubt that the amount owed is fully collectible; simply put, the taxpayer’s assets and income are less than the total tax owed.
- Effective Tax Administration: Exceptional circumstances exist such that collecting the full tax would be unfair or inequitable.
Taxpayers in Rochester may find that their circumstances align with these criteria, but interpreting IRS guidelines can be challenging without professional help.
“After receiving countless notifications from the IRS about past due tax payments for years. I knew I needed professional help and this wasn’t going to be resolved without it. Charlie was incredibly patient and understanding, he helped me gather all of the necessary information and records I needed to file an Offer In Compromise with the IRS … I would have never been able to achieve such a favorable settlement. I am more than satisfied with his services and happily continue to rely on his expertise.”
Sam S | New York
“Charlie has assisted myself personally and businesses that I owned with an enormous amount of Federal and State tax areas and issues. He brings to the table reliable solutions that have provided me over 10 years of excellent service. He has a tireless commitment to me as a client. His experience is vast and if the IRS comes knocking you will want him in your corner.”
Matt B | New York
The Process of Filing an Offer in Compromise in Rochester
When you approach Charles Young for an OIC, he begins with a comprehensive review of your financial situation to determine if an OIC is feasible. He then assists with the entire application process, from documentation gathering to negotiating with the IRS. His extensive experience ensures that your application is as persuasive as possible.
Take the First Step Towards Resolution
For Rochester residents wondering if an Offer in Compromise is the right step, Charles Young, CPA offers the expertise and support necessary to navigate this complex process. If you’re struggling with IRS debt and feel overwhelmed, consider reaching out to Charles Young for a consultation. Let him help you explore your options and potentially reduce your tax burden significantly.
Why Choose Charles Young, CPA for Your OIC?
Charles Young, CPA is not just a tax professional; he is a dedicated advocate for those burdened by tax issues. With a Bachelor’s and MBA in accounting from the Rochester Institute of Technology and credentials like NTPI Fellow and Certified Tax Resolution Specialist, Charles has made significant strides in tax resolution.
Confidential and Non-Judgmental Service
We understand that dealing with the IRS can be sensitive. Our team provides confidential, respectful, and non-judgmental service, focusing on your financial well-being and peace of mind.
Start Your Tax Resolution Journey
Start Your Tax Relief Journey with Charles Young CPA
Fill in the form below and we'll contact you to schedule a free case evaluation! During the evaluation we'll discuss your specific situation and create an action plan to end your tax problem!