Understanding the IRS Offer in Compromise Program

Navigating tax debt can be overwhelming, especially when faced with mounting balances owed to the IRS. Fortunately, the IRS offers a potential solution for eligible taxpayers through its Offer in Compromise (OIC) program. This program allows individuals and businesses to settle their tax debt for less than the full amount owed, but only if specific conditions are met. Let's explore what the OIC program entails, how it works, and when it might be the right choice for taxpayers.

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