THE IRS Offers In Compromise An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer’s tax liabilities for less than the full amount owed. If the liabilities can be fully paid through an installment agreement or other means, the taxpayer will in most cases not [...]
Daily Archives: March 12, 2010
New flexibility for Offers in compromise
IR-2010-29, March 9, 2010 WASHINGTON ? The Internal Revenue Service today announced several additional steps it is taking this tax season to help people having difficulties meeting their tax obligations because of unemployment or other financial problems. The steps ?? an expansion of efforts that began more than a year ago ?? include additional flexibility [...]
