The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

If you find yourself with an unmanageable amount of tax debt, consider applying for an IRS offer in compromise, a program that allows you to settle your debt for less than the amount you owe. These ...

An offer in compromise (OIC) is an agreement between the taxpayer and the IRS that settles a tax debt for less than the full amount owed. The program allows you, if you cannot feasibly pay the sum of ...

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

Facing overwhelming tax debt can be daunting, especially with mounting interest and penalties. However, the IRS offers several relief options, including the Offer in Compromise (OIC), which allows ...

Owing taxes can be stressful. Unfortunately, the actions of some companies can make it worse. As part of its "Dirty Dozen" campaign, the IRS has renewed a warning about so-called Offer in Compromise ...