Tag Archives: OIC Offer In Compromise

Why Is It So Hard to Understand the Rules for IRS Offer in Compromise?

Why Is It So Hard to Understand the Rules for IRS Offer in Compromise? Media ads blast through the airwaves, promising that you can settle your outstanding tax bill for just pennies on the dollar. However, these commercials make it seem as though anyone will qualify for these ridiculously low payments. While it’s true that […]

Offer In Compromise and The IRS. Can you Really Settle On What You Owe?

If you’re someone who owes money to the IRS, you’re not alone. Per statistics compiled by the Government Accountability Office (GAO) in 2010, 16 million other Americans are in the same boat. As you’ve been researching relief, you may have heard about a settlement process called Offer in Compromise (OIC). What is this process? How […]