Offer in Compromise

What is an Offer in Compromise?

With Tax Alliance help, it may be possible to wipe your tax debt clean at an enormous discount. If you qualify for an Offer in Compromise, or “OIC,” the IRS will accept less than the amount a taxpayer owes on a tax bill and call it even.

An Offer in Compromise (OIC) is an agreement between the taxpayer and the IRS that settles the tax liability for less than the amount owed. The Offer-in-Compromise can in some cases be a life-altering form of tax resolution for those who truly need it.  On Average, individuals who settle their debt using the Offer in compromise method end up paying  less than the actual amount owed.

An Offer in Compromise allows you to settle your tax debt for less than the full amount you owe. It might be a legitimate choice if you can't pay your complete tax responsibility, or doing so creates a monetary hardship.


Internal Revenue Service will certainly consider your circumstance based on unique set of facts and also situations, such as:

  • Ability to pay
  • Earnings
  • Expenses
  • Possession equity


IRS typically accepts an offer in compromise when the amount offered represents the most they can presume to collect within a sensible amount of time. The Offer in Compromise program is not for everybody. Get in touch with us to learn more as well as to see if you're gotten approved for the program.


Make certain You Are Qualified

The Internal Revenue Service will only think about an offer in compromise if it is for one of the following factors:

  • There is uncertainty as to whether the IRS appropriately determined the amount you owe.
  • There is doubt regarding whether the debt is totally collectible. This means your assets as well as earnings are less than the quantity you owe.
  • The debt is appropriate, as well as you are able to pay the debt completely, yet doing so would cause unnecessary economic difficulty. This is called effective tax management.


IRS will certainly rule out your offer if any of the adhering to are true:

  • You remain in an open bankruptcy proceeding.
  • You have actually not filed the required federal tax returns.
  • You have not made the required estimated tax repayments.
  • You are self-employed, have workers, and also have not submitted the demanded federal government tax down payments.


The Internal Revenue Service will certainly return any type of newly submitted Offer in Compromise (OIC) application if you have not filed all required tax returns and also have actually not made any kind of required approximated repayments. Any application fee included with the OIC will certainly additionally be returned. Any type of preliminary settlement required with the returned application will be placed to decrease your debt. This policy does not relate to the existing year income tax return if there is a legitimate extension on the documents.


There are more qualifications but let us help you with that. Give us a call today at 800.987.3051 and we can start to take a look at your tax situation. 

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