IRS Offer in Compromise (OIC)
Struggling with overwhelming tax debt? The IRS Offer in Compromise (OIC) program allows eligible taxpayers to settle their tax debt for less than the full amount owed — sometimes significantly less.
If you're facing serious financial hardship, this program may offer a path to true tax relief. Each year, thousands of Americans resolve their IRS balances through OIC settlements.
Do You Qualify for an OIC?
To be eligible for an Offer in Compromise, you must demonstrate financial hardship and meet IRS criteria:
- Filed all required tax returns
- No active bankruptcy proceedings
- Current year filing or valid extension
- For employers: made recent payroll tax deposits
Your ability to pay, income, expenses, and asset equity are all considered when determining eligibility. If approved, you must stay compliant for five years or risk revocation of the settlement.
How the OIC Process Works
After filing any overdue tax returns, you'll submit IRS Form 656 along with Form 433-A(OIC) (for individuals) or 433-B(OIC) (for businesses). These forms provide your financial information and proposed settlement amount.
The IRS will assess your offer based on your ability to pay. If rejected, you can appeal within 30 days using Form 13711 or submit a revised offer. Many applicants benefit from professional guidance during this stage.
Avoid OIC Scams
Be cautious of “OIC mills” that promise guaranteed results without assessing your situation. Only the IRS can approve an Offer in Compromise.
If you receive unsolicited calls or emails claiming to be from the IRS, verify them directly. The IRS typically communicates first by mail.
Our trusted professionals at Resolved Tax have helped thousands of clients achieve real settlements. Let us guide you through the process the right way.
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