An offer in compromise (OIC) is the tax settlement option that allows taxpayers to pay less than what they originally owed. Bear in mind that only about 50% of OIC applications are accepted per year. You truly do need to prove that you are very much in need of tax relief to qualify f...
It is possible to mitigate the amount you owe to the IRS in certain situations; however, it is not as easy as many advertisements on television make it seem. One such method is through an Offer in Compromise (OIC), which allows you to settle your tax debt for less than the full amount...