An Offer in Compromise is a binding agreement wherein New York State agrees to accept less than the full amount due of tax, interest and penalties.

An Offer in Compromise is a binding agreement wherein New York State agrees to accept less than the full amount due of tax, interest, and penalties.

The law allows the State to consider the economic circumstances of the taxpayer and reasonable collection potential if sufficient proof is shown by the taxpayer.

Because the State is settling for less than the full amount due, the Offer in Compromise process is thorough and often document-intensive.

Feel free to contact us to discuss whether an Offer in Compromise is a viable collection resolution for outstanding tax liabilities.