Struggling with Tax Debt? How Attorney Omar Zambrano's expertise in bankruptcy and IRS Settlements
Struggling with Tax Debt? How Attorney Omar Zambrano's expertise in bankruptcy and IRS Settlements can save you money.
In a world where financial stability can be fleeting, the IRS Offer and Compromise (OIC) stands as a beacon of hope for many families. Layoffs, unemployment, and falling behind on payments can lead to a mountain of debt that seems insurmountable.
As a bankruptcy and debt expert, I've seen firsthand how these financial challenges can affect individuals, families, and society at large. The OIC program offers a way to eliminate debt and regain control over financial futures.
The Offering Compromise: A Solution for Many
The OIC is a complex but vital program that allows taxpayers to settle their tax debt for less than the full amount they owe. It's not just a financial tool, it's a lifeline for those drowning in debt.
Here's how it works:
Net equity in assets: This is the fair market value of all assets minus any loans or debts. This calculation takes into account everything from bank accounts to real estate, providing a comprehensive view of a person's financial standing.
Future income: This is a calculation based on monthly income and allowable living expenses. This considers the essential costs of living, ensuring that the offer is fair and realistic.
The formula for the offer is simple but profound:
Offer amount = net equity in assets + future income
At the Law Offices of Omar Zambrano, We Understand the Complexities of the OIC Process
Whether you're laid off out of work or simply behind on payments, we're here to help. We offer free consultations and expert guidance to help you navigate the path to financial freedom.
Call us at 626-338-5505 today to learn more about how we can help you settle your tax debt and get back on your feet.