An Offer in Compromise can help settle tax debt for less, but there are a few things to know about the process.

If a taxpayer is unable to afford their complete tax debt, they may be able to make a compromise for a lower amount due. A ...

I f you owe taxes to the Internal Revenue Service (IRS) but cannot afford to pay the full amount, you might qualify for an Offer in Compromise (OIC). This program allows eligible taxpayers to ...

Tax relief companies may charge a few hundred dollars to help with simple tasks but can charge up to $10,000 or more for a complicated offer-in-compromise case.

The IRS 'Offer in Compromise' (OIC) program offers taxpayers a chance to settle their tax debts for less than the full amount owed. This initiative is designed for those who cannot pay their tax ...

Whether pursuing an Offer in Compromise, an installment plan, or penalty abatement, knowing the IRS requirements and potential consequences will help you take the best course of action in 2025. Check: ...

In 2024, the IRS approved 21% of its almost 33,600 offer in compromise applications. Investopedia talked to Enrolled Agent Kesha Dawson Harris about the process of getting a compromise.