IRS Offer in Compromise If you owe more in taxes than you would be able to pay even within an extended amount of time, you may be eligible for an Offer in Compromise (OIC). An OIC is a settlement offer you make to the IRS in which they agree to settle your tax debt for […]
If you’re desperate for tax relief, you’ve likely pondered the idea of pursuing an offer in compromise. This option could help you settle for less than you owe. Unfortunately, it takes considerable time and effort to qualify for an OIC. Don’t give up just yet. The IRS offers a helpful option to give you a […]
Many taxpayers are desperate for IRS offers in compromise — and for good reason: this program provides relief by making it possible to settle for less than the total amount owed. It’s an enticing option for those dealing with the heavy burden of tax debt. Unfortunately, in their eagerness to bring stressful tax issues to […]
The offer in compromise program may represent a valuable source of relief for taxpayers struggling with debt, but it’s easy to see why many neglect to apply: the process can be stressful and time-consuming. What’s more, OIC standards are confusing to the point that many potential applicants simply assume that they won’t qualify. While OIC […]
You’re ready to ditch your IRS tax debt for good — and you believe that the offer in compromise program is your best option. Before you can take advantage of this option, however, you’ll need to complete IRS Form 656. Thoroughness and accuracy are critical, as a single mistake could lead to rejection. Keep the […]
An IRS offer in compromise could be the ultimate solution to your current tax woes. This arrangement allows you to settle your current tax debt for far less than what you actually owe. It’s not exactly easy to achieve, however. Below, we’ve highlighted a few up-to-date options for scoring an offer in compromise in 2019. […]
A variety of factors may go into your decision to pursue or avoid an IRS offer in compromise. For some candidates, privacy is a chief consideration. If you count yourself among this growing group of taxpayers, it’s important to understand: offers in compromise are far from private. Accepted offers are a matter of public record, […]
The idea of an offer in compromise may be appealing, but what if you still struggle to pay off your tax debt or negotiated to offer amount? It’s in the best interest of the IRS to grant you a viable means to pay up, so thankfully, payment plans are available beyond the recommended lump sum […]
You’ve decided that the IRS offer in compromise (OIC) is the best solution to your current tax issues. If your OIC is accepted, you could settle your current tax debt for far less than you actually owe. First, however, you will need to get through a considerable amount of paperwork. The exact forms you need […]
Mired in tax debt? The IRS offer in compromise could be your path to a fresh start. This program allows select taxpayers to settle their bill for far less than they actually owe. Whether you intend on seeking an OIC or simply would like to know more about your options, you’ll want to keep the following five […]