Not every tax debt has to be paid in full. If you owe the IRS more than you can afford to pay, the Offer in Compromise (OIC) program may allow you to settle your tax debt for less than the total amount owed. Polaris Tax & Accounting has successfully represented clients throughout Plantation and South Florida in submitting, negotiating, and finalizing IRS Offers in Compromise.

Our office is located near Pine Island Road in Plantation, just minutes from many of the financial firms in the area. But unlike other tax shops, we don’t just file paperwork. We analyze your situation, calculate realistic settlement options, and fight for a resolution that gives you a fresh start.

What Is an Offer in Compromise?

An Offer in Compromise (OIC) is a program administered by the IRS that allows qualified taxpayers to resolve their tax debt for less than the full amount owed. It’s not a guaranteed option, but if you can prove that paying your full balance would create financial hardship, the IRS may accept a lower amount. This is often a great option for:

  • Individuals with old tax debt they cannot pay in full
  • Small business owners behind on taxes due to hardship
  • Taxpayers with limited income or assets

We help determine eligibility based on the IRS formula and prepare the strongest possible application with Form 656, financial documentation, and a strategy that aligns with IRS guidelines.

Why Plantation Clients Choose Polaris for Offer in Compromise Representation

At Polaris, we combine professional-grade tax knowledge with personal service. Our OIC process includes:

  • Full financial analysis based on IRS standards
  • Assistance calculating your Reasonable Collection Potential (RCP)
  • Preparation of IRS Form 656 and Form 433-A(OIC)
  • Negotiation and follow-up with the IRS until your offer is resolved

Most importantly, you work directly with licensed professionals—not seasonal contractors or overseas staff. We’re based in your community and invested in your outcome.

Common Questions About IRS Offer in Compromise:

1. How long does an OIC take to process?
Typically 6 to 12 months, though the IRS may take longer depending on your case.

2. How much should I offer to the IRS?
It depends on your income, assets, expenses, and IRS collection standards. We perform this calculation for every client.

3. Will the IRS accept my offer?
Only if your documentation proves that full collection is unlikely. We make sure your application meets those standards before submission.

Additional IRS Services in Plantation, FL

Located Near Pine Island Road in Plantation

If you’re tired of IRS letters, threats of garnishment, or watching your tax debt grow, contact Polaris for a confidential review. We are located at 150 S Pine Island Rd, Suite 300, Plantation, FL 33324—serving clients throughout Plantation, Davie, Sunrise, and the greater Fort Lauderdale area.

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