Tag Archives: Offers In Compromise

Offers In Compromise, a series of articles about the program

One of the most frequently asked questions of us, as Tax Problem Resolution Attorneys is: “can I settle my taxes with the IRS for a portion of what I owe?” The main way of settling tax debt is through an … Continue reading

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IRS reduces amount required to settle an OIC by 75%

In a broad sweeping change of the Offer in Compromise program, the Internal Revenue Service has dramatically reduced the amount required to settle an OIC.  Before the changes, the IRS required that a taxpayer pay an amount equal to 48 … Continue reading

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WHY ARE SO MANY OFFERS IN COMPROMISE REJECTED?

Recent statistics show that only about 20% of Offers in Compromise that are submitted are accepted. The rest are rejected. Why are so many OIC’s rejected? I believe that there are several reasons for the high rate of rejection.

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IRS Offers New Streamlined Offers in Compromise

This from the IRS Website: Offers in Compromise The IRS is also expanding a new streamlined Offer in Compromise (OIC) program to cover a larger group of struggling taxpayers. This streamlined OIC is being expanded to allow taxpayers with annual … Continue reading

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BASICS OF OFFERS IN COMPROMISE Part 2

How much do you need to offer to the IRS to have an OIC accepted?  What are the criteria for determining whether an Offer in Compromise is acceptable to the Internal Revenue Service?

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Basics of an Offer in Compromise

The Internal Revenue Service has recently relaxed the standards for their acceptance of Offers in Compromise.  This easing of the requirements will result in many more OIC’s being filed and accepted. The purpose of this series of articles is to … Continue reading

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The Internal Revenue Service Relaxes Rules for Acceptance of Offers in Compromise

A recent announcement by the IRS Commissioner Doug Shulman states that the Internal Revenue Service will be relaxing the guidelines for the acceptance of Offers in Compromise. While there are no definitive statements as to how the relaxed rules will … Continue reading

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