The Truth About Settling For Pennies on the Dollar
How to Negotiate an Offer in Compromise
It is sometimes possible to wipe your tax slate clean at an enormous discount. If you qualify for something known as the offer in compromise, referred to as an “offer” or “OIC,” the IRS has been known to accept as little as 1% of the amount owed on a tax bill and call it even.
However, there’s no legal right to have a valid tax bill reduced by the IRS — it is entirely a matter of government discretion. And in recent years, only about 25% of the OICs submitted were accepted by the IRS.
In this FREE report, we’ll explain how to qualify for OIC consideration, go over the process of submission and most importantly, how much to offer.
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