Real Solutions to IRS Debt and Related Problems

Offer in Compromise

What is an Offer in Compromise?

An Offer in Compromise or OIC is a program offered by the IRS which allows those who are qualified, to negotiate a "settlement agreement" with an unpaid tax debt. The settlement is less than the total amount owed in order to clear the entire balance of the outstanding tax debt.

Do I Qualify for an Offer in Compromise?

In order to qualify for an offer in compromise, your situation must fall into one of the following categories:

  • Doubt as to collectability: When the IRS has reasonable doubt that you will be able to pay off the debt any time in the near future
  • Doubt as to liability: When the IRS can reasonably doubt that your tax bill is accurate and/or you are actually liable for the deficiency.
  • Effective tax administration: When paying your tax debt would cause you financial hardship or would be unfair.

Questions on if you Qualify?

If you are unsure whether your case can be categorized as one of the situations above, we are happy to assess your case and determine whether if you qualify. If you have questions about how to get an offer in compromise approved, allow us to assist you during your free, confidential consultation. We can also provide the advice and guidance you need to decide whether an offer in compromise is the right solution for you and what other options you may have.