CONTACT US

Coulter & Associates

220 College Ave, Suite 300, Athens, Georgia 30601

Telephone: (706) 546-9755 • Fax: (706) 546-1796 • Toll Free: 1-888-5TAXLAW • Email: lawyer@gctaxlawyer.com

We are also available in Atlanta for a personal conference. Contact us for an appointment.

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This section is to explain our process for analyzing your tax matter and quantifying the extent and magnitude of the problem and the best solution or best plan for avoiding a tax problem. The language is primarily directed and focused on Offers in Compromise, but the initial process is the same regardless of your tax concern and whether it is personal or business. In the event you have additional questions after reading this or a particular question which needs to be answered, please contact us by e-mail, phone or fax at the addresses and numbers listed above.

The Process

1. Pre-qualification.

By completing the information requested on our website, we can analyze your situation and determine the lowest amount you would have to offer the IRS in order to settle your liabilities. We also inform you in writing of the cost for engaging our services what we believe will be the process for securing a Settlement with the IRS.

If you decide to engage our services, we will provide you an engagement letter, Power Of Attorney (Form 2848) and Tax Information Authorization (Form 8821) authorizing our representation of you before the IRS. Upon receipt of these executed instruments from you and our requested retainer, we begin the Offer process. The retainer may be paid by check, money order or charged to your credit card.

2. Access IRS Records.

After filing the Power Of Attorney with the Internal Revenue Service, we obtain a copy of your transcript to verify tax liabilities and determine whether the IRS made any errors in the handling of you account. We also determine whether there is any basis for Doubt As To Liability, Special Circumstances or expiring Statute of Limitations that would support an even lower offer amount. We then discuss our findings with you and obtain any remaining information from you that we need to complete the Offer In Compromise paperwork prior to sending it to you for your signature.

3. Offer In Compromise Submitted to IRS.

After receipt of the executed Offer In Compromise paperwork from you, we file it with the IRS. No money or deposit is required to be made with the filing of this paperwork. The Internal Revenue Service immediately stops all further collections activity while your offer is pending. Usually after one to two months, the IRS confirms that the Offer is ready to be processed and that it will be assigned to a Revenue Officer. Typically within two to three months thereafter the Revenue Officer will contact us. However, the entire process can take up to 12 or more months before a final compromise is reached.

4. OIC Acceptance.

After an extended period of time (sometimes 12 months or more) from the first filing of the Offer, we receive an approval letter from the Internal Revenue Service. You will then have as long as ninety additional days to pay the offered amount. After receiving your payment, the IRS will write off the balance of the tax liability and release all previously filed tax liens.

Click here to complete an Offer In Compromise Assistance Form.