What is an Offer in Compromise (OIC)?
An Offer in Compromise “OIC” is an opportunity for taxpayers to make a deal with the IRS or NY to significantly reduce their outstanding tax debt and make a fresh start. If certain qualifications are met, the government will accept less than the amount owed and call it even. Recently, the IRS has been accepting an increasing number of Offers compared to prior years. So, now is the time to act. No more sleepless nights worrying about how you will pay your tax debt.