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New York Offer in Compromise Lawyers

Offer in Compromise: A Solution to Your Tax Debt Problems

If you have received a tax bill that you cannot pay or do not think you owe, the New York State tax department offers an option called “offer in compromise.” This program allows taxpayers who are unable to pay their full tax bill to avoid undue economic hardship. An offer in compromise lawyer can help guide you through this process.

There are two types of offer in compromises available. The first type is for liabilities that are final and not subject to any administrative or judicial reviews. If the taxpayer has exhausted all appeal rights and failed to contest the assessment, collection activity such as levies, garnishments, and warrants may be initiated by the NY tax department. When deciding whether to accept an offer, they will consider the solvency of the taxpayer as well as whether collecting payment in full would result in undue economic hardship. Basic living expenses like healthcare bills, welfare payments, and family expenses will also be taken into account.

The second type of offer is for liabilities still under administrative review where collection activities cannot yet be undertaken by the NY state tax department. Taxpayers have a right to appeal these types of liabilities if there are doubts about them being accurate or fair assessments. Offers made on these types of liabilities will only be considered if there is doubt regarding liability accuracy or fairness.

New York Offer In Compromise Lawyers

An experienced New York Offer In Compromise Lawyer can help navigate both options above with ease while ensuring your best interests remain protected throughout every step along this journey towards financial freedom from debt!

How Long Will My Offer In Compromise Take To Complete?

The IRS’s offer-in-compromise program provides an excellent way for taxpayers struggling with debt problems related to taxes owed but finding it difficult financially due either lack income sources or other reasons beyond control such as medical emergencies etc., which make paying off debts impossible without causing undue hardships on themselves financially over time period required repayments. However, the process can be lengthy and complicated.

Christine Twomey
Christine Twomey
2024-03-21
Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.
Brendan huisman
Brendan huisman
2024-03-18
Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!
Guerline Menard
Guerline Menard
2024-03-18
Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️
Keisha Parris
Keisha Parris
2024-03-15
Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.
Taïko Beauty
Taïko Beauty
2024-03-15
I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!
Anthony Williams
Anthony Williams
2024-03-12
Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.
Loveth Okpedo
Loveth Okpedo
2024-03-12
Very professional, very transparent, over all a great experience
Bee L
Bee L
2024-02-28
Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.
divesh patel
divesh patel
2024-02-24
I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

The first step in getting your offer in compromise accepted is to get it marked “processable” by the IRS. This means that you are not a debtor in an open bankruptcy, have submitted the application fee or form 656-a (income certification for offer-in-compromise application fee and payment), and have submitted either a 20% payment with the lump sum offer or signed Form 656-A if making short-term or deferred periodic payments. If the IRS believes that you are filing an offer-in-compromise just to delay collections, they will reject it outright.

Once deemed processable, your proposal will be sent to an IRS Offer In Compromise Examiner who will review all of your information and documents submitted during examination phase which takes about four-six weeks on average before receiving letter from examiner stating their contact info so as know when expect response back regarding status update etc., depending upon complexity involved within case itself.

During this third step called Examination Phase where designated examiner goes through everything provided by taxpayer including income sources/assets owned determining reasonable collection potential over remaining period left until debt paid off full amount owed plus interest/penalties assessed against them at time assessment made originally; this could take anywhere between four-eight weeks depending upon complexity involved within case itself.

If rejected during fourth step called Agree/Disagree With Examiner Phase then options available include raising valid counterclaims with help attorney present evidence supporting claims made while also increasing original offer amount proposed earlier if possible given current financial situation faced by taxpayer; however, if accepted after rebuttal then likely five-eight months total processing time required before final decision reached regarding acceptance/rejection of initial proposal offered up front initially without any changes being made whatsoever!

Finally comes fifth step called Appeal Or No? If rejected again after going through entire process above mentioned steps one more time around then allowed appeal decision Office Appeals where officers may accept previously rejected offers based upon well-documented information provided by taxpayer; however, if no choice but to appeal then entire processing time required could take anywhere between 12-24 months total depending upon complexity involved within case itself.

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