Offer in Compromise in Dallas-Fort Worth, TX

An Offer in Compromise (OIC) is an agreement between the IRS and taxpayers that allows those who qualify to settle their IRS debt for less than what’s owed. An OIC is part of the IRS’ Fresh Start Initiative, which is designed to help taxpayers facing financial hardship settle their IRS issues, thus giving them a “fresh start.” Navigating the OIC process can be complex, as it requires a thorough evaluation of your financial situation, submission of detailed documentation, and negotiation with the IRS to reach a mutually agreeable settlement. Retaining the services of an experienced tax law firm, like the Law Offices of Nick Nemeth, can be invaluable in guiding you through the OIC application process, ensuring all necessary documentation is accurately prepared and increasing the likelihood of a successful outcome.By obtaining professional assistance, you can efficiently resolve your tax issues and move forward with the peace of mind that comes from a clean financial slate.



    Enter the text you see above

    Is it Right for You?

    Before applying for an OIC, you must first determine if you meet the criteria to be a candidate.  Some of the requirements to be eligible for an Offer in Compromise include the following:

    1. All personal tax returns are filed
    2. All business tax returns are filed, if applicable.
    3. Ensure you have sufficient payroll withholding or are current with your quarterly estimated tax payments if you are self-employed.
    4. If you operate a business with employees, ensure you are compliant with your federal tax deposits.
    5. You must demonstrate the inability to pay back what is owed through a detailed financial analysis.

    How We Help

    Helping taxpayers with Offer in Compromise cases is one of our core competencies. Nick and his team of experienced attorneys,  financial analysts, case managers, enrolled agents and CPAs have years of experience dealing with offers in compromise.  Rest assured, The Law Offices of Nick Nemeth will leave no stone unturned when developing a plan to resolve a taxpayers’ IRS problems, and if there is any way possible to qualify for an OIC, we will find it!

    Our Practice Areas

    Offer in Compromise

    An Offer in Compromise (OIC) is an agreement between the IRS and taxpayers that

    IRS Tax Installment Agreement

    An IRS Installment Agreement is a provision that enables taxpayers to pay their

    Innocent Spouse Tax Relief

    When a married taxpayer files a joint tax return to get the benefit of the filing status

    Abatement of Penalties & Interest

    It seems like the Internal Revenue Service loves punishing taxpayers with

    Currently Non-Collectible Status

    Many taxpayers are unable to pay their tax debt for a variety of reasons including simply

    IRS Fresh Start Initiative

    In 2011, the Internal Revenue Service announced a series of new steps to help people

    Tax Extension

    There are times when you cannot file your tax return before the deadline and need some

    Our Blog

    9 IRS Tax Problems to Avoid and How a Tax Attorney Can Help

    According to Albert Einstein, “the hardest thing in the world to understand is the income tax.” As the tax return...

    Innocent Spouse: Impact When Filing Jointly or Separately in Community Property States

    Joint tax filing may initially appear as a straightforward approach to maximize deductions and ease burdens. In community property states,...

    IRS Bank Levy and Wage Levy: What is the Difference

    When dealing with the IRS, understanding the nuances of various tax enforcement actions is crucial. Two common actions that often...

    Can A Passport Be Revoked for an IRS Tax Debt?

    Unresolved tax debt can bring more than financial hardship; it can also impact your travel plans. While freely exploring the...

    Situations in Which IRS Fresh Start Program Won’t Work

    The IRS Fresh Start Program, also known as the Fresh Start Initiative, is a significant relief option for taxpayers struggling...

    Still Have Unfiled Tax Returns? Here’s Why You Should Get Help ASAP

    Tax filing can be tedious, but is undeniably crucial. Unfiled tax returns can lead to severe consequences, with the IRS...


    Call us or fill out the Free Case Evaluation Form to schedule your FREE confidential consultation in Dallas, Fort Worth, San Antonio, Houston, Austin and nearby areas in Texas.

    What Our Clients Have to Say

    Susan WilsonSusan Wilson
    03:27 25 Jan 23
    I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
    Sarah HowardSarah Howard
    03:44 14 Nov 22
    I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
    M WM W
    00:33 07 Aug 22
    I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
    Spoilly GirlSpoilly Girl
    23:49 03 Aug 22
    The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
    Eddie WaltEddie Walt
    19:44 12 Jul 22
    During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
    Quick Inquiry


      Enter the text you see above