irs offer in compromise program: Richardson TX - The Three Types of IRS Offers-In-Compromise - 03/31/19 10:03 AM
When clients come into our Richardson Tax office with IRS debt issues, most of the potential clients want to learn more about the Offer In Compromise process, or OIC for short. There are three different types of Offers in Compromise.
Doubt as to Collectability – This type of offer is the most common type of OIC made to the IRS. In this case, the Taxpayer agrees that they owe the IRS, but are simply not in a financial position, to fully pay off their debt. If the Taxpayer qualifies for an OIC based on their financial situation, they may be able … (0 comments)