An offer in compromise settles your tax debt for less than you owe — if the IRS’s own formula says it can’t collect more. These guides explain the three grounds the IRS accepts, how to qualify, lump-sum versus periodic-payment offers, and how to appeal a rejection within 30 days.
Offer in compromise explained in plain English: what an OIC is, the three grounds the IRS accepts, what it costs, and how the process works. Read on.
Lump sum vs periodic payment offer in compromise compared: 20% down vs monthly payments, the 12 vs 24-month income math, and which option costs less.
Was your offer in compromise rejected? You have 30 days to appeal. See the top rejection reasons, Form 13711 steps and your backup options in this guide.
Learn how to qualify for an offer in compromise: filing compliance, the RCP test and hardship rules the IRS actually uses. Check your eligibility free.