An Offer in Compromise allows taxpayers to get a fresh start by settling all back tax liabilities for an amount less than the full amount owed. If a taxpayer can't pay their tax debt in full, or has a dispute with the amount the IRS claims he owes, the taxpayer can propose to resolve the matter with an Offer in Compromise. The ultimate goal is a resolution that is in the IRS and taxpayer's best interests. Equity Search personnel are experienced experts in negotiating Offers in Compromise. See the FAQ section for more detailed information on the Offer in Compromise.
a contractual agreement between the IRS and a taxpayer that permits a taxpayer to pay a specific amount in full settlement of tax liabilities, including interest and penalties
a formal way to negotiate your tax debts with the Internal Revenue Service
a formal way to pay off your tax debts for less than what you owe
a legitimate alternative to declaring a case as currently not collectible or to a protracted installment agreement
a legitimate alternative to the perpetuation of enforced collection through protracted Installment Agreements and suspension of collection when a tax may not be currently collectible
a means of satisfying your tax debt by paying something less than the full amount due
a means of settling your tax debt for less than what you owe
an agreement between an income taxpayer and the IRS to allow the taxpayer to pay less than the full amount of back taxes owed
an agreement between an individual and the IRS (or the state taxing authority) that resolves the taxpayer's tax debt
an agreement between a taxpayer and the government to settle a tax debt for less than the full amount owed
an agreement between a taxpayer and the IRS
an agreement between the IRS and the taxpayer that settles
an agreement between the taxpayer and the Internal Revenue Service that resolves the taxpayer's liability for less than full payment
an agreement between yourself and the IRS or State that resolves your tax debt for less than the amount owed
an alternative method of settling a tax debt by offering to pay IRS less than the full amount due
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an offer, as payment in full, of an amount less than the tax, premium or principal claim and that does not include any penalty or interest
an offer (usually less than the total amount due)
an officially recognized method of compromising with the IRS or
an option which has been publicized recently, and the IRS appears to be encouraging offers
a petition to the IRS for tax relief
a process whereby the taxpayer offers the government a reduced sum of money in order to settle a delinquent tax bill
a program offered by the IRS, where it is possible to settle tax for a fraction of what is owed
a settlement agreement between an individual or business taxpayer, and the IRS for less money than the full balance owed
a settlement of a delinquent tax account for less than the full amount due
a solution offered by the IRS to give taxpayers a way to settle tax debts for less than the full amount owed
a statutory method to allow you to settle your IRS debt for less than the amount owed and/or to pay the agreed upon amount over a period
a submission made to the Internal Revenue Service in monetary form that says to them you are willing to pay a reduced amount than originally owed
is an offer to settle your debt to the IRS for an amount which is less than the total amount owed, but which you are able to pay within a short period. It can be based only on (i) doubt as to liability; or (ii) doubt as to collectability.
An offer to the IRS to pay back taxes for less than full value.
The program is for taxpayers who do not have, and will not have in the foreseeable future, the income, assets or means to pay their tax liability. It allows a taxpayer to offer a lesser amount for payment of a non-disputed final tax liability.
The Offer in Compromise (or OIC) program, in the United States, is an Internal Revenue Service (IRS) program under which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed in order to clear the debt.
