If you’re overwhelmed by tax debt, you’re not alone—and you’re not out of options. One of the most powerful tools available to taxpayers is the IRS Offer in Compromise (OIC), a program that allows eligible individuals to settle their tax debt for less than the full amount owed. At Accelerated Tax Resolution, we’ve helped hundreds of clients understand and navigate this program with confidence.
What Is an Offer in Compromise?
An Offer in Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer’s debt for less than the full amount due. The IRS may accept an OIC if they believe the taxpayer is unable to pay the full amount or doing so would create a financial hardship.
Do You Qualify?
To qualify for an OIC, you must:
- Be current on all required tax filings
- Not be in an open bankruptcy proceeding
- Demonstrate that paying your full tax liability would cause financial distress
The IRS considers income, expenses, asset equity, and your ability to pay when evaluating your eligibility.
OIC vs. Other Tax Relief Options
An OIC isn’t the only option for tax relief, but it’s one of the most powerful. Depending on your situation, other options like installment agreements, currently not collectible status, or penalty abatement might be better suited. Our experts at Accelerated Tax Resolution will help you explore all avenues.
How We Help
Our three-step process ensures we fully assess your financial situation, bring you into compliance, and prepare the strongest possible offer:
- Investigation & Analysis
- IRS Compliance & Filing
- Offer Submission & Negotiation
We guide you through every stage—from documentation to direct IRS communication—so you’re never facing it alone.
Call Today to find out if an OIC is right for you. Your financial peace of mind could be one phone call away.
