New York State Sales Tax Offer In Compromise - Explained How It Works And Most Common Best Results

NYS Offer In Compromise on Sales Tax is a common thing we are asked about. To put it simply, the most common best result for these cases is just being liable for paying back the base tax amount.

This means you end up paying the actual tax due, not the penalties and interest. NYS also gives quite a bit of time to pay it back without changing the Offer amount.

For IRS income tax offers, we generally re doing the shorter payoff offer, where you got 5 months to pay off the balance. The IRS also has a 24-month payoff option, but in many cases that increase the offer amount.

Links:

NYS Offer In Compromise - Start to finish guide:

https://trp.tax/tax-guide/nys-offer-in-compromise/

TRP Free Back Taxes Help Guide:

https://trp.tax/taxhelp/

Schedule a consultation with an expert tax attorney:

https://trp.tax/start or call (888) 515-4829

https://trp.tax/tax-guide/nys-sales-tax-oic/