OFFER in COMPROMISE - IRS Did you know that you can settle your debt with the IRS for less than the full amount you owe with their Offer in Compromise program? The program allows taxpayers to settle with the IRS on tax debt that has been incorrectly assessed or for liabilities they cannot afford to pay. The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122). COVID-19 MAY BE YOUR "TICKET" OUT OF YOUR IRS TAX DEBT PROBLEMS. How Staffing Issues Impact OIC Applications With a smaller IRS workforce comes a reduced ability to process applications for programs such as the OIC. What’s more, IRS employees are less likely to receive the extensive training they need to properly handle offers. We anticipate the IRS will be overwhelmed with Offer in Compromise submissions. If you have a tax debt, now is the time to settle with the IRS. FLAT FEE TAX RELIEF Coast to Coast IRS Help Free Consultation 1-866-747-7435