Offer in Compromise - Tips for Choosing a Tax Professional
An Offer in Compromise (OIC) with IRS may allow you to settle outstanding tax debts for less than the full amount owed and get a fresh start. However, despite what you may hear in advertisements, the OIC program is not for everyone. IRS will not accept an offer if you have the ability to pay the debt in full, through installment payments, or by some other means. You should check carefully and explore other payment options before deciding to submit an Offer in Compromise.
If you decide to submit an offer, the forms and instructions are available at the Offer in Compromise page. If you choose to use a tax professional to prepare and file your offer, protect yourself by selecting a qualified, credentialed tax professional.