The IRS offer in compromise (“OIC”) program is a tax resolution option offered by the IRS to help taxpayers who are unable to pay their full tax liability. It allows eligible taxpayers to settle their tax debts for less than the full amount owed, based on their financial situation and ability to pay. The OIC…
Category: Offer in Compromise
Offer in Compromise
A settlement option that allows taxpayers to pay less than the full amount owed to satisfy their tax debts. Give us a call to see how we can help, (713) 909-4906.
The Three Offer in Compromise Options
The IRS Offer in Compromise program presents taxpayers with a viable option to settle tax debts for an amount less than what is owed. The program has been around for quite some time and, as with everything when it comes to the IRS, there are a number of nuances. The IRS has developed numerous procedures…