AAS Tax Services, LLC
  Bldg 4,  Suite #427
  3322 Route 22 West
  Branchburg, NJ 08876
  (Also as: Somerville, NJ 08876)

  Tel.:        908-231-9500
  Fax:        908-458-9301                               ClientInfo@AAsTaxServices.com
All returns are prepared in accordance with the applicable Federal and State tax laws and regulations
Resolving Tax Problems
IRS Tax Debt Reduction (Offer in Compromise)
available for
Individuals and Business Entities
If you are in a financial distress, and you owe back taxes to the IRS, then you may qualify for an IRS tax debt reduction program called an Offer in Compromise. The IRS debt relief is available for individuals and business enterprises. The basic requirement is financial difficulties which could cause harm, if the full tax debt would be paid either by an individual, or a business respectively.  

AAS TAX SERVICES LLC provides help with preparing and processing Offers in Compromise, and in negotiations needed for acceptance of the offer by the IRS.

What is an Offer in Compromise?  This is an IRS debt settlement program in which the taxpayer, individual or business, makes a formal written offer to the IRS to settle the tax debt for less than the actual amount of taxes due.  In order to achieve a positive tax debt resolution with the IRS, the taxpayer must prove to the Service that the individual, or business, is not capable of paying back taxes without incurring a major financial harm. In short, Offers in Compromise are strictly accepted on the individual's, or business', ability to pay.

The tax law gives the IRS a lot of leverage in accepting any Offer in Compromise

Offer in Compromise is not for everybody.  You really have to prove to the IRS that you are not able to pay now, and that you do not expect to have sufficient financial funds (income) in the future, to satisfy all the former tax debt obligations. The IRS takes into account your current income, necessary expenses, potentials for future earnings, your assets and liabilities, and then determines what amount the IRS could accept as your offer to settle the debt for less.

Similar review is done for a business, assuming that the Offer in Compromise is coming from a business. For business, the IRS will base its decision on the net income potentials, assets not considered essential to run the business, necessity of all the business expanses, etc. 

Please note that similar debt settlement programs, and offers to settle your tax liabilities for less, are offered by different states.  However, the state offers are conducted as separate processes for each state.

Take advantage of our low and reasonable fees, and high quality professional honest work.  Before paying a few thousand dollars to others, please call us for a free - on obligation - consultation.

See also the Office Hours and How to Contact Us pages on this web site.

For All Your Tax Needs
We focus our marketing and advertising efforts on the following localities which are in close proximity (approximately within 15 miles radius) to our office: Bedminster NJ 07921, Bernardsville NJ 07924, Bound Brook NJ 08805, Branchburg NJ 08876, Bridgewater NJ 08807, Far Hills NJ 07931, Green Brook NJ 08812, Hillsborough NJ 08844, Manville NJ 08835, Millstone NJ 08844, Raritan Borough NJ 08869, Peapack-Gladstone NJ 07977,  Rocky Hill NJ 08553, Somerville NJ 08876, South Bound Brook NJ 08880, Warren NJ 07059, Middlesex NJ 08846, Califon NJ 07830, Clinton NJ 08809, Glen Gardner NJ 08826, Hampton NJ 08827, High Bridge NJ 08829,  Lebanon NJ 08833, Readington NJ 08870, Tewksbury NJ 07830, Whitehouse NJ 08888, Whitehouse Station NJ 08889, Raritan Township NJ 08822.  The localities are in Somerset County, neighboring Hunterdon County and Middlesex County; all in Somerset Metro Area, Central New Jersey.

Authorized IRS
E-file  Provider
AAS Tax Services, LLC
Serving Somerville, NJ / Bridgewater, NJ, metro area and the surrounding communities in Central New Jersey