Offer in Compromise Help – Settle for Less Than You Owe
Settle Your IRS Tax Debt for Less Than You Owe
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. 📞 Take Control Today!
How an Offer in Compromise Works
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 $5,250.000
Who Qualifies for an OIC?
- Tax debt over $10,000
- Filed all required tax returns
- No ongoing bankruptcy
- Limited ability to pay full balance
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.
Types of OIC
- Lump-Sum OIC – One-time payment of the settlement amount.
- Periodic Payment OIC – Spread the settlement across several months.
Why Use Newline Tax Group?
- We calculate your “Reasonable Collection Potential” (the IRS formula for OICs).
- We package your case with the right financial details to improve approval odds.
- We negotiate directly with the IRS on your behalf.
📞 Take Control Today! - Don’t waste time sending in an OIC the IRS will reject. Let us build your case the right way.
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.
