Offers in Compromise

An Offer in Compromise could be just the solution you need. Find out today.

Maybe you didn’t know that the IRS has an Offer in Compromise program that can be utilized by the tax payer when liability has been incorrectly assessed or when total liability is more than you can afford to pay.

When presented correctly to the IRS, this might mean your tax liability is entirely eliminated for as little as 5-15% of the total amount.

Our experienced tax specialists can help you determine if you might qualify for an Offer in Compromise, or if a tax payment plan would be the better route for you to go.

We can help you solve your tax problems.

Fill out the form below for a consultation.

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How 529 Plans Are Taxed for Orange County Families

Quick Answer: Contributions to a 529 plan are made with post-tax dollars, allowing your investment to compound shielded from federal and state capital gains taxes during the growth phase. Withdrawals are 100% tax-free when used for qualified education...

How Does the Lifetime Learning Credit Work for Orange County Students, Parents, and Professionals?

Quick Answer: The Lifetime Learning Credit (LLC) is a non-refundable federal tax credit worth up to $2,000 per tax return. It’s calculated as 20% of the first $10,000 in qualifying higher education tuition and fees, with no limit on the number of tax years...

Should Orange County Homeowners Add A Name To A Deed?

Quick Answer: While it’s mechanically simple to add a name to a deed, doing so during your lifetime is a financial mistake that triggers unexpected IRS gift tax reporting and destroys your child's future stepped-up basis tax shield. To safely bypass probate...

What Is the US Retirement Age Timeline for Orange County Retirees?

Quick Answer: The official US Full Retirement Age is 67 for anyone born in 1960 or later, but true retirement is an 11-to-13-year financial timeline stretching from age 62 to age 73 or 75. Your specific birth year determines where you fall on this milestone...

Supporting Orange County Charities? How 2026 OBBBA Charitable Giving Contributions Work

Quick Answer: Effective for the 2026 tax year, the One Big Beautiful Bill Act (OBBBA) establishes a new universal deduction allowing non-itemizers to deduct up to $1,000 ($2,000 for married couples) for qualified cash donations directly from their income. And...

Calculating Crypto Taxes Simplified For Orange County Investors

Quick Answer: Crypto taxes are calculated by subtracting your cost basis from your gross proceeds for each taxable sale, swap, or purchase made with cryptocurrency. The IRS treats crypto as property, so selling crypto, trading one token for another, or...

How the Secure 2.0 Act Changes Beneficiary IRS Tax Rules For Your Orange County Heirs

Quick Answer: Under the SECURE 2.0 beneficiary IRA tax rules, most non-spouse heirs must fully liquidate an inherited IRA within 10 years, with many also facing mandatory annual required minimum distributions (RMDs) if you pass away after age 73. Because...

Who Can Claim the American Opportunity Tax Credit? Guidance for Orange County Parents

Quick Answer: The American Opportunity Tax Credit (AOTC) must be claimed by whoever legally lists the student as a dependent on their federal tax return. If a parent claims the undergraduate, the parent gets the credit; if the student is independent, they...

Do You Get Better Tax Breaks For Being Married, Orange County Couples?

Key TakeawaysMost married couples lower their tax liability by choosing the Married Filing Jointly status, which preserves access to deductions that separate filers lose. When there is a significant income gap between partners, combining earnings on a joint...

2026 Guide to Short-Term Rental Taxes for Orange County Airbnb & VRBO Hosts

Key TakeawaysYou do not have to pay federal income tax on rental earnings if you rent your home for 14 days or fewer per year and use it personally for more than 14 days (or 10% of the rental period). You will only receive a Form 1099-K if you exceed...

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