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

An Offer in Compromise can help settle tax debt for less, but there are a few things to know about the process.

Establishing a good working relationship with the IRS agent assigned to your case will go a long way to an approval recommendation of your offer in compromise.

The IRS 'Offer in Compromise' (OIC) program offers taxpayers a chance to settle their tax debts for less than the full amount owed. This initiative is designed for those who cannot pay their tax ...

The Offer in Compromise program allows qualifying taxpayers to settle their tax debt for less than the full amount owed. This option has become more accessible in 2025, with the IRS adopting more ...

However, the IRS does not approve all applications. In 2024, the IRS approved 21% of its almost 33,600 offer in compromise applications.

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