An IRS Offer in Compromise (OIC) is an agreement between you and the IRS to settle your tax debt for less than the full amount owed. If you’re struggling to pay your tax debt, an IRS Offer in Compromise can provide a fresh start and a chance to move forward. IRS Offer in Compromise is a legitimate solution for individuals and businesses seeking tax debt relief.

How IRS Offer in Compromise Works

To qualify for an IRS Offer in Compromise, you must meet certain requirements, including:

• Filing all required tax returns
• Making all required estimated tax payments
• Being current with all tax obligations
• Meeting one of three eligibility criteria: doubt as to collectibility, doubt as to liability, or effective tax administration

The IRS will review your offer and may accept, reject, or negotiate a settlement. If accepted, you’ll make a lump sum payment or agree to a payment plan.

Benefits of IRS Offer in Compromise

An IRS Offer in Compromise can:

• Reduce your tax debt
• Stop collection activities and penalties
• Allow you to keep your assets and property
• Give you a fresh start and peace of mind