How much should it cost to hire a Tax Professional to assist me with an OIC?
Standard fees in the industry can range anywhere from around $850 up to greater than $5000 in total fees paid to the tax professional. These fees should be based on the complexity of your personal financial situation and the level of service that your OIC will require. A company employed individual with no assets should be charged a lower fee than someone who is self-employed or has a significant number of assets. You should also expect to pay more if your case is urgent due to existing or threatened IRS collection action such as a levy or wage garnishment. If you also need assistance with tax return preparation, that may be an additional fee as well. Using a tax professional may initially seem more costly, but often the value provided by the tax pro is well worth the price in the end.
