Offer in Compromise ( OIC )
An Offer in Compromise (OIC) may allow qualified taxpayers to settle their tax debt for less than the total amount owed, potentially saving thousands in taxes, penalties, and interest. This agreement, made between the taxpayer and the IRS, is typically only approved when it’s clear that the full liability cannot be paid either as a lump sum or through a structured payment plan.
Be cautious of misleading claims suggesting that tax debts can easily be resolved for 'pennies on the dollar.' In reality, the OIC process is detailed and can take up to two years to finalize. At Discount Tax Service, our experienced professionals understand the complexities of working with the IRS and are committed to guiding you through the process efficiently and with minimal stress.
Be cautious of misleading claims suggesting that tax debts can easily be resolved for 'pennies on the dollar.' In reality, the OIC process is detailed and can take up to two years to finalize. At Discount Tax Service, our experienced professionals understand the complexities of working with the IRS and are committed to guiding you through the process efficiently and with minimal stress.