The IRS’s offer in compromise program allows taxpayers facing financial hardships to settle their outstanding tax liability for pennies on the dollar. But there are rules everyone must follow.

On May 21, 2012 the Internal Revenue Service announced another expansion of its "Fresh Start" initiative by offering more flexible terms to its Offer in Compromise (OIC) program. This newest ...

Utilizing Form 656, Offer in Compromise, you may be in a position to negotiate a settlement with the IRS. Here are the IRS basic guidelines for making an offer.

IRS Offer in Compromise Acceptance and Payment Plan. After you submit your application, the IRS will review your offer and assets to decide if your OIC is accepted or rejected.

An Offer in Compromise is essentially a settlement agreement between you and the IRS. Instead of paying your full tax debt, you negotiate with the IRS to pay a reduced amount — one that the IRS ...

Since 2012 the IRS has been much more willing to compromise with taxpayers with overwhelming tax debt than in the prior decade. In recent years the acceptance rate has reached 40%; for of the ...

The ultimate guide to an IRS offer in compromise. Read to learn everything there is to know about it, including eligibility requirements and how to apply.

An IRS offer in compromise is a program allowing certain taxpayers to settle tax debt for less than they owe. Taxpayers must meet qualification requirements to apply, and the IRS rejects most ...

An Offer in Compromise is essentially a settlement agreement between you and the IRS. Instead of paying your full tax debt, you negotiate with the IRS to pay a reduced amount — one that the IRS ...