Discover a pathway to financial relief with the Offer in Compromise (OIC) program, an IRS initiative that empowers taxpayers to settle their tax debt for less than the total amount owed. Tailored for individuals facing challenges in paying their tax liability in full, the OIC program can be intricate to navigate. Mistakes in submissions may lead to denial or costly errors.
The IRS considers your ability to pay, income, expenses, and asset equity to determine if the offered amount is the most they can expect to collect within a reasonable time.
Yes, accepted OICs are public record, and information about them can be requested from the IRS.
Ensuring accurate and complete tax returns, reporting all income, and having proper documentation for deductions and credits can help reduce the risk of future audits.
If you find yourself burdened by overwhelming tax debt, explore the possibility of an Offer in Compromise. Contact us today at 866-861-4443. Our experts at IRSProb.com will evaluate your financial situation and guide you through the OIC process, offering the best chance for a successful resolution.