Offer In Compromise Letter Sample

Are you struggling to write an effective Offer In Compromise Letter? Look no further! Below you will find examples of Offer In Compromise Letter Sample that you can use as a template and modify to suit your specific situation.

Understanding the Purpose of Offer In Compromise Letter Sample

Offer In Compromise Letter Sample is a crucial document that individuals or businesses use to negotiate a settlement with the Internal Revenue Service (IRS) for unpaid taxes. The main goal of this letter is to propose a compromise amount that is less than the total tax debt owed, based on the taxpayer’s financial situation.

It helps individuals or businesses in financial distress to resolve their tax liabilities.
It provides a formal request to the IRS to consider accepting a reduced amount as full payment of the tax debt.
It demonstrates the taxpayer’s willingness to cooperate with the IRS to settle the debt.

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Example of Offer In Compromise Letter Sample

Dear [Recipient’s Name],

I am writing to submit an Offer In Compromise to settle my outstanding tax debt with the IRS. Due to unforeseen financial difficulties, I am unable to pay the full amount owed. I am requesting your consideration for a compromise amount of [proposed amount] as full payment of my tax debt.

I have enclosed all necessary financial documents to support my offer, including my income statements, expenses, and assets. I trust that these documents will demonstrate my financial hardship and inability to pay the full amount owed.

Your prompt attention to this matter is greatly appreciated. I am committed to resolving my tax obligations and am willing to work with the IRS to reach a mutually beneficial agreement. Thank you for your understanding and consideration.

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Sincerely,

[Your Name]