Offer in Compromise
An Offer in Compromise (OIC) allows you to settle your tax debt with the IRS for less than the full amount owed. It's the IRS's 'fresh start' program — but acce...
An Offer in Compromise (OIC) allows you to settle your tax debt with the IRS for less than the full amount owed. It's the IRS's 'fresh start' program — but acceptance requires demonstrating that you can't pay the full amount within the collection statute. Our team evaluates your eligibility, prepares your application, and negotiates with the IRS to maximize your chances of approval.
The IRS accepted approximately 30% of Offers in Compromise in recent years. The key to success is accurate financial analysis and proper presentation. The IRS calculates your 'Reasonable Collection Potential' (RCP) — essentially what they believe they could collect from you. If your offer meets or exceeds the RCP, it's likely to be accepted. We ensure your financial picture is presented accurately and favorably within IRS guidelines.
Warning Signs
You may need help if any of these apply to you:
- You owe more to the IRS than you could pay in the remaining collection period
- Paying the full amount would create financial hardship
- You have limited income and assets relative to your tax debt
- You've explored other options like installment agreements without success
- Your financial situation has changed dramatically (job loss, illness, etc.)
How We Help
Our experienced team will:
- Evaluate your eligibility using the IRS's Reasonable Collection Potential formula
- Gather and organize all required financial documentation
- Prepare Form 656 and Form 433-A/B with optimal presentation of your finances
- Submit the application with the required down payment
- Negotiate with the IRS Offer Examiner on valuation of assets and income
- Handle appeals if the initial offer is rejected
Frequently Asked Questions
Other Tax Problems We Resolve
Don't Wait — Get Help Today
IRS problems compound with time. The sooner you act, the more options and leverage you have. Schedule a free, confidential consultation.