IRS Offers in Compromise Statistics
December 16, 2016
The Alexander Law Firm has a tremendous track record when it comes to IRS offers in compromise. The acceptance rate on offers filed by the firm is 76.47%.
This rate is nearly double the IRS average acceptance rate of 40.29% (see 2015 IRS Data Book, Table 16).
Here is another amazing stat – on average, our clients pay only 6.72% of the amount they owe the IRS ($143,712/$1,689,500). That means our clients pay less than 7 cents on every dollar they owe the IRS. That also means our clients have saved more than $1.5 Million over the past five years. Incredible.
There is no secret to our success. Instead, we give each potential client an honest evaluation of whether or not filing an offer in compromise is right for them. For example, if a taxpayer has a 401(k) worth more than the amount owed to the IRS, chances of acceptance are slim to none.
While everyone’s situation is unique and we cannot guarantee results, we take care of our clients. In cases where an offer in compromise is not accepted and all appeals are exhausted, we continue to represent our clients by setting up appropriate payment plans with the IRS at no additional charge.
If you struggle with IRS debt and want an honest evaluation on whether or not the IRS offer in compromise program is right for you, give us a call at (314) 261-4111 to schedule your consultation. You may also schedule an appointment online here.