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Colorado Department of Revenue Offer In Compromise

A taxpayer from Colorado hired Timberline to protect his personal account from enforced collection action while attempting to reduce his overall tax liability. The Associate first ensured the taxpayer was safe from enforced collection action, and then completed a thorough financial analysis. Upon review of the account documentation, it was discovered that the taxpayer qualified for an Offer in Compromise. The team prepared an official Offer in Compromise request with supporting documentation and submitted it on the client’s behalf. When the case was assigned to an Examiner, the Associate maintained negotiations until Offer in Compromise was accepted. The taxpayer’s offer of $200 was approved as a compromise settlement on his liability of $11,443!

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