The Offer-in-Compromise can be a cache form of tax resolve for those who genuinely require it. On average people who resolve their liability using an Offer-in-Compromise end up spending less than 20% of the real amount, they owed to the IRS.
Approved by Congress to aid taxpayers, an Offer in Compromise (OIC) can be the perfect solution for solving your tax problem as it can result in meaningful savings.
In some cases, your economic situation may make it approximately tricky for you to pay off all your tax debt, even when employing tax resolution over the long term via an installment plan. In such situations, the IRS may be prepared to receive an “Offer-in-Compromise” and significantly reduce your tax bill.