Firm Background & Expertise
Gabaie & Associates specializes in tax controversy, representing individuals and businesses before the IRS and various state tax agencies. With over a decade of experience, the firm serves clients worldwide, particularly U.S. citizens both domestically and abroad.
Common Misconceptions About Tax Settlements
Many taxpayers incorrectly assume that the IRS and state agencies readily offer settlements. In reality, both offering compromise programs and settlements require specific qualifications and careful evaluation of each case.
Understanding Tax Resolution Options
Tax settlements, specifically offering compromise programs, differ from other resolution options. While settlements involve negotiating a reduced payment based on financial capability, other options include:
- Payment plans (full or partial pay within statute limitations)
- Currently not collectible status (hardship cases)
- Various IRS programs designed for specific situations
Qualification Process
The determination process begins with reviewing outstanding tax liabilities and compliance status. A detailed financial assessment follows to determine eligibility for settlements, hardship status, or payment plans. Strict criteria govern these decisions, making professional guidance crucial.
Negotiation Strategy
Success in tax settlements requires presenting financial situations effectively to the IRS or state authorities. Each case needs compelling reasons for acceptance, though not all situations qualify for settlements.
Success Stories
Recent successes include:
- A business owing $550,000 in sales and use tax settled for $20,000
- A $2-3 million tax liability case settled for approximately $15,000
Professional Guidance
Before pursuing tax settlements, consultation with tax professionals specializing in this area is essential. Experts understand complex factors like national standards and allowable expenses, which can significantly impact settlement qualification.
