Enrolled Agent Nicole Davis Publishes Book on IRS Offer in Compromise
Enrolled Agent Nicole Davis has released "Settle for Less," a book explaining the IRS Offer in Compromise process in plain English. It aims to help taxpayers understand eligibility and requirements before applying.
Nicole Davis, an Enrolled Agent and founder of D Tax Solutions, has published a new book titled "Settle for Less: An Enrolled Agent's Plain-English Guide to Understanding, Preparing, and Pursuing a Personal IRS Offer in Compromise." The book is intended to help taxpayers navigate the Internal Revenue Service's Offer in Compromise (OIC) program.
The OIC program allows eligible taxpayers to settle their tax debt for less than the full amount owed. However, the IRS scrutinizes each application, considering factors such as the taxpayer's ability to pay, income, expenses, and assets. It is not an automatic or universally available option.
In "Settle for Less," Davis breaks down the OIC process without jargon or misleading promises. The book covers what an OIC entails, how to realistically assess eligibility, the importance of tax filing compliance, required financial documentation, and common pitfalls that can hinder an application. Davis stated her goal is to clarify what the IRS actually looks for before individuals make significant decisions.
The book targets individuals with outstanding tax debts or those facing scrutiny over back taxes who are considering an OIC. It also serves as a resource for those seeking to become better informed before consulting tax professionals. The publication is available for purchase on Amazon.