Business Offer In Compromise Doubt As To Collectibility (OIC-DATC)

A Business Offer In Compromise Doubt As To Collectibility (OIC-DATC) is where you can prove your business is not able to pay your IRS debt.

This is RARE and difficult…

Perhaps!

1. If employment tax related debt is involved then the IRS requires a trust fund recovery penalty investigation.
2. All responsible parties are uncollectible.
3. The penalty has been assessed.
4. The penalty is pending.
5. Trust fund taxes have been paid.
6. Form 433-B completed.
7. Revenue Officer may do a site visit to check on assets.
8. IRS may perform internet search on business.
9. IRS may perform credit profile check.
10. IRS may check motor vehicle records.
11. IRS may check property records.
12. IRS will review compensation of officers.
13. IRS may look at stock options.
14. IRS may look at excessive travel.
15. IRS may look at luxury vehicles.

1. We contact the IRS.
2. We request your record.
3. We calculate your balance due.
4. We check for unfiled taxes.
5. We review all the data in your file.
6. We will recommend which option is best.
7. We will prepare the appropriate forms with the information you provide.
8. We handle the contact with the IRS.

Yes.

To a business and if you qualify.

This is RARE and difficult…

1. Sign our agreement.
2. Sign our representation form.
3. What is the business monthly gross income?
4. What is the business monthly net income?
5. How much is your payroll tax deduction? Are you current?
6. What is your total monthly income?
7. What is your monthly expense total?

Don’t worry we guide you through it. There are quite a few forms.

Depending on your file, information gathered, compliance, and resolution chosen.

It can take months. Even over a year as it all depends on the complexities.

If we appeal, then add six months.

Yes.