Newland & Associates, PLC


by Dan Newland © 2004

Clients who are contemplating submission of an Offer in Compromise frequently ask:  "What will it cost to submit the Offer?"  Unfortunately, the best answer is:  "It depends." 

In order to provide some rough idea of what it may cost, in terms of professional fees, to complete an Offer, we looked at eighteen prior matters handled by our firm and totaled the professional fees involved.  It should be noted that in some of these cases, the matter is not yet finally resolved.

The figures suggest that the average amount of fees to complete the submission of an Offer in Compromise was $20,043, with the totals ranging from $8,261 to $36,511.  These matters cover a wide range of situations, involving both individual and corporate clients.  A number of variables affect the total costs, including, the uncertainties and difficulty of dealing with the IRS and other factors that are unique to each situation.

For these reasons, this firm's policy is not to quote a fixed or maximum fee for handling such matters.  Further, we question the policies of those who quote a fixed fee for any type of tax representation.

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Copyright 2003-2004
Published by the law firm of Newland & Associates, PLC
9835 Business Way
Manassas, VA 20110
Call us at (703) 330-0000 for a full range of business law and tax-related services.

While designed to be accurate, this publication is not intended to constitute the rendering of legal, accounting, or other professional services or to serve as a substitute for such services. That you have obtained this publication from us does not mean that an attorney from this firm has been retained to represent you.

Redistribution or other commercial use of the material contained on this website is expressly prohibited without the written permission of Newland & Associates, PLC.

Page updated August 19, 2004