What is an IRS Offer in Compromise?

Our Oklahoma City Tax Attorney Explains

Another great tax relief option is an offer in compromise (OIC). If you have an insufficient income along with no assets, an OIC can essentially take away your tax debt. An offer in compromise allows you to settle your tax liability for less than the original amount you owed.

There are three bases under which an offer in compromise can be negotiated with the IRS:

  • Doubt as to collectability: The taxpayer is not able to pay the full tax debt.
  • Doubt as to liability: The taxpayer asserts that he or she does not owe the debt.
  • Effective Tax Administration: By fairness, the amount of the tax liability the taxpayer owes must be compromised, even if he or she can pay the liability in full.

Offer in compromise based on Effective Tax Administration is the least common of the three bases and are rarely accepted. We could help you determine if you qualify for an OIC.

Understanding the Process

The offer in compromise process can be a very complicated one. It involves a cornucopia of paperwork and IRS forms, a gathering of your financial records, and more. Many taxpayers get refused simply because they are missing a small portion of their offer. If you have our trusted Oklahoma City tax lawyer working with and for you, you can be sure that we will help establish that the process is thoroughly completed.

Contact Us Today - (405) 256-2619!

When you come to our firm, we can treat your case with the specific attention to detail it deserves. Our trusted attorney handles every case personally. With more than 25 years of experience and hundreds of cases handled, you can be confident that your case is in great care. All of us at The Carver Law Office, PLLC work hard to end your tax nightmare and get you the results you desire.


Contact our office today for more information.


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