IRS Offer in Compromise

The IRS is authorized to accept less than the total amount of a tax liability under certain circumstances. Just about everyone has seen the advertisements of tax-resolution companies who claim to “settle your tax debts for pennies on the dollar!” What they don’t tell you is: do they settle for 5 pennies on the dollar or 95 pennies on the dollar? Further, many tax-resolution companies, such as Tax Masters, “the tax lady” Roni Deutch, American Tax Relief, and JK Harris & Company, perform so poorly that they are either sued by former clients or sued by state governments—or both—until they go out of business. This is where experienced tax counsel can mean the difference between a successful Offer in Compromise and an expensive waste of your valuable time and resources.

An Offer in Compromise (OIC) is good for taxpayers who don’t make a lot of money and who have little, if any, assets. There are three ways to file an OIC, but I’ve found that the one that produces the most success (for a variety of reasons) is the “cash” offer, which means that the IRS accepts the amount you offer, and you have up 5 monthly installments within which to satisfy the obligation. The cash offer does not mean that you must pay all of the offered amount at once, and frequently you will have at least 12 months from the time you file the OIC until you need to begin payments.

If you think you may be a good candidate for an OIC, please call Dave at 303-454-8260. David A. Sprecace has more than 23 years of experience filing OICs, and may be able to help you, too. You may also email Dave at to set up a phone consultation.


Colorado Office
600 17th St #2800s

Denver, CO 80202

Client Reviews

Dave has ridden to our rescue on many occasions. It’s not that I try to get in trouble but Dave is always there to bail me out. Dave went toe-to-toe with the IRS over a several year legal battle. Nothing like having a...

- Russell and Lisa P.

My business partner and I hired Dave to represent us with an IRS tax audit of our company and individual tax returns. There were other family members and other businesses involved, and the IRS initially wanted more than...

- Mark M.

I called Dave to help me file several years of income tax returns. After the returns were filed, Dave filed an Offer in Compromise to get rid of the old taxes. The IRS accepted a small fraction of the original amount...

- Mike W.

When I needed to buy out my business partner, Dave told me of the possible pitfalls with the Operating Agreement, walked me through the entire process, helped me value the company, and make an offer. I was able to keep...

- Yvonne A.

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