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Overwhelmed by IRS debt? Wondering if you can settle for less than you owe? You might qualify for an Offer in Compromise (OIC) — a legal IRS program that can drastically reduce your tax debt.
In this video, Dave Horwedel, EA and CEO of Torchlight Tax, explains what an Offer in Compromise is, who qualifies, and how it works. You’ll learn:
✅ The three ways to qualify for an OIC — Doubt as to Collectability, Doubt as to Liability, and Effective Tax Administration.
✅ How the IRS calculates your offer amount based on assets and income.
✅ Common mistakes that kill an offer — like unfiled returns or unallowed expenses.
✅ The five-year compliance rule that applies after your offer is accepted.
✅ When an OIC can be your best path to a fresh start with the IRS.
If you’re dealing with serious tax debt, it’s worth finding out if you qualify. Torchlight Tax can help you prepare a strong, accurate Offer in Compromise and present your case to the IRS.
📞 Free Consultation: Call 877-758-7797 or email info@torchlighttax.com
👉 Check out related videos:
“Can the IRS Levy Your Home?”
“Multiple Chances to Get Your OIC Approved”
If you found this video helpful, please like, share, and subscribe to the Torchlight Tax YouTube channel for more insights on tax relief, asset protection, and financial freedom.
#IRS #OfferInCompromise #TaxDebtRelief #TorchlightTax #OIC #IRSSettlement #BackTaxes #TaxHelp👉 Check out related videos:
“Can the IRS Levy Your Home?”
“Multiple Chances to Get Your OIC Approved”
If you found this video helpful, please like, share, and subscribe to the Torchlight Tax YouTube channel for more insights on tax relief, asset protection, and financial freedom.