An Offer in Compromise (OIC) is designed to settle IRS tax debt and is one of the most powerful tax relief options under the IRS Fresh Start Program. It lets you settle your tax debt for less than the full balance.
The IRS reviews your income, expenses, and assets. If they believe you can’t realistically pay your full balance, they may accept a reduced settlement amount.
Example: Owe $50,000 → Qualify for an OIC → Settle for $7,500.
If you have equity in assets (like home or savings), the IRS will factor that in. But many taxpayers still qualify for settlements well below their balance.
FAQ About the Offer in Compromise
Q: Does everyone qualify?
No. The IRS rejects most OICs filed without professional help. The key is submitting a realistic, well-documented offer.
Q: How much can I save?
It depends on your finances. Some clients save tens of thousands. Others qualify for affordable payment plans instead.
Q: How long does approval take?
Usually 6–12 months. But once accepted, you’re officially settled.
Don’t waste time sending in an OIC the IRS will reject. Let us build your case the right way.
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