![Not BBB accredited](https://m.bbb.org/terminuscontent/dist/img/non-ab-icon__300w.png?tx=w_120)
Business ProfileforOmni Tax Help
Additional business information
Consumers who have federal and/or tax liabilities often contract with independent companies, attorneys or CPAs to assist them in resolving issues with the Internal Revenue Service (IRS) by the company or individuals representing them. An OIC is an agreement between a tax payer and the IRS that resolves the taxpayer's tax liability. The IRS has the authority to settle or compromise federal tax liabilities by accepting less than full payment under certain circumstances. An OIC may be submitted for all types of taxes, as well as interest and penalties arising under the IRS code.
IRS Compromise objectives:
To resolve accounts receivable which can't be collected in full or on which there's a legitimate dispute as to what is owed.
To effect collection of what could reasonably be collected at the earliest time possible at the least cost to the government.
To give taxpayers a fresh start to enable them to voluntarily comply with the tax law.
To collect funds which may not be collectible through any other means.
The IRS may compromise a civil case only upon one or both of the following grounds:
1-Doubt as to liability - doubt exists that the assessed tax is correct; or
2-Doubt as to collectibility - doubt exists that you could ever pay the full amount of tax owed.
3-Effective Tax Administration - There is no doubt the tax is correct and no doubt that the amount owed could be collected, but an exceptional circumstance exists that allows the IRS to consider your offer. To be eligible for a compromise on this basis, you must demonstrate that collection of the tax would create an economic hardship or would be unfair and inequitable.
OICs may be rejected for public policy reasons, i.e. if the acceptance of the offer is in any way detrimental to the Government's interests. OICs are also not normally eligible for consideration until you have filed all past due federal tax returns with the IRS; if you are currently in bankruptcy; your financial situation changes; it is a current legal matter; etc.
Taxpayers are expected to provide reasonable documentation to verify their ability to pay. the Revenue office is instructed to consider the taxpayer's assets (which can include 401Ks, stocks, bonds, inheritances, etc.) and present, as well as future income when reviewing an OIC.
WARNING: If the IRS perceives that an OIC is a delaying tactic and collection is in jeopardy, it may continue collections actions during the OIC procedure.
For further details, call an IRS Customer Service rep at 1.800.829.1040.
At-a-glance
Related Categories
Overview
Products & Services
Business Details
- Location of This Business
- 2300 5th Ave, Vero Beach, FL 32960-5123
- BBB File Opened:
- 3/12/2003
- Years in Business:
- 21
- Business Started:
- 12/18/2002
- Business Incorporated:
- 12/18/2002
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Corporation
- Alternate Business Name
- El Dorado Financial, Inc.
- Omni Financial
- Hours of Operation
Primary
- M:
- 8:00 AM - 5:00 PM
- T:
- 8:00 AM - 5:00 PM
- W:
- 8:00 AM - 5:00 PM
- Th:
- 8:00 AM - 5:00 PM
- F:
- 8:00 AM - 5:00 PM
- Business Management
- Mr. Matt Mulligan, President/Owner
- Mr. Michael Batty, General Manager
- Contact Information
Principal
- Mr. Michael Batty, General Manager
Customer Contact
- Mr. Matt Mulligan, President/Owner
- Mr. Michael Batty, General Manager
- Additional Contact Information
Fax Numbers
- (772) 925-3401Primary Fax
- (772) 365-0756Other Fax
Phone Numbers
- (772) 907-9000Other Phone
- (866) 703-6285Other Phone
Email Addresses
- Primary
- (772) 925-3401
Customer Complaints
4 Customer Complaints
Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews
File a ComplaintMost Recent Customer Complaint
03/11/2024
- Complaint Type:
- Service or Repair Issues
- Status:
- Answered
Customer Reviews
17 Customer Reviews
What do you think? Share your review.
Most Recent Customer Review
Ozelin S
08/13/2024
Omni Tax Help Response
08/14/2024
BBB Business Profiles may not be reproduced for sales or promotional purposes.
BBB Business Profiles are provided solely to assist you in exercising your own best judgment. BBB asks third parties who publish complaints, reviews and/or responses on this website to affirm that the information provided is accurate. However, BBB does not verify the accuracy of information provided by third parties, and does not guarantee the accuracy of any information in Business Profiles.
When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints.
BBB Business Profiles generally cover a three-year reporting period. BBB Business Profiles are subject to change at any time. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
As a matter of policy, BBB does not endorse any product, service or business. Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.