An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

Public disclosure of your offer. The law requires that all accepted offers on compromise be made available for review by the general public.

Qualify for an IRS Offer in Compromise to settle tax debt for less. Meet strict criteria, prove financial hardship, and submit required forms and payments.

An offer in compromise, delayed collection or penalty abatement can help you manage back taxes effectively. Jump to insight ...

Taxpayers unable to pay their income tax liability may make an offer in compromise under IRC section 7122 to settle the tax bill. Such an offer can, however, have a negative impact on other rights ...

Some options, like an offer in compromise, require you to file an application and submit detailed information in order to be approved for tax relief or forgiveness.

These plans help prevent further collection actions, as long as you stay current with payments. Offer in Compromise (OIC): This option allows qualified taxpayers to settle their tax debt for less ...

You must be current with your tax returns and not be in the middle of declaring bankruptcy. To help you determine your eligibility, use the Offer in Compromise Pre-Qualifier Tool.

IRS 2025 report highlights OIC scams; taxpayers urged to verify eligibility and avoid aggressive marketing for debt settlement assistance.

“Offer in Compromise.” This program lets taxpayers make an offer to the IRS on what they can reasonably pay, and there is usually a payment plan.

he Eighth Circuit Court of Appeals held that courts can review an IRS decision to reject a taxpayer’s offer in compromise. Ronald Speltz exercised incentive stock options to buy shares of McLeod ...

Filing an extension won't help you. An extension is an extension to file, not to pay. Money owed to the IRS is due on Tax Day, April 15.