LOS ANGELES (PRWEB) November 19, 2019
A recent announcement by the California Department of Tax and Fee Administration stated that a new online screening tool has been launched to help taxpayers determine if they’re eligible for an Offer in Compromise settlement. Following this news, the tax relief experts at Platinum Tax Defenders have announced they are making appointments available for those California taxpayers wishing to determine if they’re eligible for this tax program provided by the IRS. The CDTFA’s Offer in Compromise option helps taxpayers quickly determine if they may qualify for the benefit. The tax relief experts at Platinum Tax Defenders have years of assisting clients in getting out of tax debt through Offer in Compromise programs. They are making themselves available to help those individuals in need as the 2020 tax season approaches.
“The Offer in Compromise tax relief program is for those individuals who will not have, in the foreseeable future, the ability to pay their tax liability in full,” said Sherri Gastelum, CEO of Platinum Tax Defenders. “We understand that there are many individuals, especially in California, who are struggling to settle their back taxes. We’re grateful that the CDTFA has launched this online tool to help individuals determine their eligibility, and we want to help them take that next step if they want to apply for an Offer in Compromise.”
What is an Offer in Compromise?
An Offer in Compromise is a tax relief program set forth by the IRS that makes it possible for taxpayers to settle their tax debt for much less than they owe. The tax relief experts at Platinum Tax Defenders have successfully gotten their clients’ tax debt down from over $100,000 to just $100 utilizing the Offer in Compromise program.
Who is eligible for an Offer in Compromise?
There are several factors that the IRS takes into consideration when determining if someone will be eligible for an Offer in Compromise. The IRS will look at:
whether the individual is in an open bankruptcy proceeding
if they’ve filed their federal tax returns and made the estimated tax payments
if they are self-employed and have employees if they’ve submitted all required federal tax deposits.
The new Offer in Compromise options will help California taxpayers determine their estimated payment option based on the information they provide. However, the tax relief experts at Platinum Tax Defenders remind California taxpayers that what comes with filing for Offer in Compromises is often a game of negotiation with the IRS. While it’s helpful to know what the likelihood will be of being granted an Offer in Compromise before you apply for one, the negotiation process often requires direct dealings with the IRS. The tax relief experts at Platinum Tax Defenders have years of experience negotiating with the IRS and encourage those seeking to apply for relief to contact them to set up a free consultation.
About Platinum Tax Defenders
The tax relief experts at Platinum Tax Defenders have been helping U.S. taxpayers get out of debt since 2011. The team at Platinum is made up of experienced enrolled agents, certified public accountants, and tax attorneys, many of whom once worked directly for the IRS. Platinum Tax Defenders has years of experience helping taxpayers successfully negotiate Offer in Compromises to help settle back taxes. For more information, visit http://www.platinumtaxdefenders.com or call 866-866-8053.