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Offer in Compromise

Paramount Tax Offer In Compromise Service

Did you know that you can settle your debt with the IRS for just pennies on the dollar with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. Contact Paramount Tax to learn more about Offer In Compromise services.

The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122).

Often it is possible to fully and completely eliminate the taxes you owe - including all penalties and interest - at an enormous discount. There is no preset bottom limit that the IRS will accept to settle your debt especially if your offer is done "right."

If done correctly your debt may be settled for only 5-15% of what you currently owe. The key is to determine the least amount that the IRS will accept from you before you make the offer.

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Offer In Compromise

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Jeff and his team are the best! They explain why their strategies work and I refer my own clients to him because I know I can trust he'll always take care of them.
— Sean Knudsen, Posted November 15th 2024 on google
Our initial meeting with Amanda helped us feel that we will get through our difficult situation. We feel confident that this team knows what they are doing and have our best interests in mind.
— Lauren Warren, Posted November 11th 2024 on google
Jeff answered my questions thoroughly and conscientiously. Very professional and friendly. Great communicator.
— Rene Killpack, Posted November 6th 2024 on google
Very kind, patient, and trustworthy!
— Jeff Cope, Posted November 6th 2024 on google
Jeffery was incredibly helpful! He answered questions I didn't know I had and provided options that I didn't know were available. I highly recommend chatting with him!
— Alexis Pickett, Posted November 4th 2024 on google
Jeff is the best. Highly recommend using these guys.
— Dr. Jesse Fox, Posted November 4th 2024 on google
Been working with Doug & Talena since last year and they go above and beyond. I was worried about my tax business tax bill last year and it came in much lower than I anticipated. They even recommended ways I could set a few things up on my own to save money. Highly recommend working with Paramount!
— Ryan Moody, Posted October 31st 2024 on google
Quick and complete answers to my questions and also helped me with an issue I didn’t know was coming my way. Thanks Jeffery!
— Lucas Shane, Posted October 29th 2024 on google
We met Braden for a consultation. He was very happy to answer many of the questions that we had regarding our estate taxes.
— Jerry James, Posted October 26th 2024 on google
We had our first meeting with Amanda and she was very professional. She did a good job of walking us through options on our current structure, along with different options on how to save money on our taxes moving forward.
— Tiny House Movement, Posted October 22nd 2024 on google
Fantastic team that is very competent and friendly. Always find solutions around our tax needs. Been using them for 3 years.
— Jacob Neeley, Posted October 22nd 2024 on google
Jeff & his team are amazing!
— Lisa Loveless, Posted October 18th 2024 on google
I love working with Paramount! They are always efficient and easy to work with!
— Austin Rawlings, Posted October 15th 2024 on google
Paramount has done an exceptional job! I appreciate their attention to detail and willingness to go the extra mile.
— Janna Simonsen, Posted October 15th 2024 on google
The team at Paramount is amazing, this was my first year filing with them. Darren was awesome and super attentive, and at one point we had 3 people in the room looking over some deductions to make sure they were accurate. In a one hour meeting they tripled what I thought my return would be. They are worth every penny, ...
— Caitlin Probst, Posted October 12th 2024 on google
Great experience. Met with Doug Bean. He was knowledgeable, friendly, and took the time to answer all our questions.
— Tyler Hodgson, Posted October 10th 2024 on google
Southwick and team are fantastic and super easy to work with. Their fees are more than fair and their prompt attention to requests and questions is impressive. Highly recommend.
— David Webb, Posted October 10th 2024 on google
Great people! They were very helpful and made the process easy, even with us forgetting multiple documents we needed. It was nice to be able to get tips on how we can set ourselves up better for next year as well. Highly reccomend!
— Sara McWherter, Posted October 4th 2024 on google
Efficient, fast, helpful. Little on the pricey side on some things but it's worth it.
— Jordan Nguyen, Posted October 1st 2024 on google
The team knows their stuff, and took into account a lot of my needs and concerns. I felt heard and am not worried about taxes moving forward.
— Jared Peiffer, Posted September 23rd 2024 on google
Offer In Compromise awards

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Paramount Experience

Many people do not know how a professional tax and accounting firm differs from a bookkeeper or tax preparer. The main difference when working with a professional tax and accounting firm, such as Paramount Tax, is that our firm utilizes the services of licensed tax professionals who are distinguished from other finance professionals by stringent qualification and licensing requirements. Paramount has worked hard to create relationships to deliver the value that our clients expect. In fact, our goal is to be the No. 1 Offer In Compromise firm in America. So when you ask yourself, "Where can I find Offer In Compromise services near me?"... think no further than Paramount Tax!

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Whether you are filing personal taxes or you own a business, if you are not already using a professional tax and accounting firm, you have most likely already missed out on major tax benefits, deductions and credits. This is because a professional tax and accounting firm utilizes licensed professionals who can not only advise individuals on personal financial matters but who are qualified to advise businesses, financial institutions, nonprofit organizations and government agencies on a wide range of financial topics. Our strict standards ensure that we understand the complicated tax laws and how to implement strategies that return the most benefits to individuals and businesses. Give Paramount Tax a call or visit our tax and accounting firm for a free consultation.

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