Episode Details
Back to EpisodesHow Offers in Compromise Can Help You Settle Overwhelming Tax Debts
Season 1
Episode 66
Published 1 year, 2 months ago
Description
An Offer in Compromise (OIC) is a program offered by the Internal Revenue Service (IRS) that allows taxpayers to settle their tax debts for less than the full amount owed. The purpose of an OIC is to provide a path for financially distressed taxpayers to resolve their tax liabilities in a manner that is fair and equitable for both the taxpayer and the government.