Is Equity in Assets Factored into an Offer in Compromise Amount? A Tax Lawyer Explains

The calculation of an offer in compromise is based upon an individual or businesses equity in assets and income. Thus, each asset owned by an individual or business is factored into an offer in compromise before the IRS. The fair market value of certain assets can receive a reduction when calculating the equity in an asset for purposes of an offer in compromise. If you are considering submitting an offer in compromise to the IRS, you can speak with a tax attorney at The McGuire Law Firm.

Click here for a free consultation with a Columbus tax lawyer.

Keywords: IRS Offer in Compromise, Equity in Assets for an Offer in Compromise, Assets in Offer in Compromise, Columbus Tax Attorney, Columbus Tax Lawyer, Columbus International Tax Attorney, IRS Tax Attorney Columbus, Columbus IRS Tax Attorney, Columbus IRS Tax Lawyer.