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  1. www.irs.gov › payments › offer-in-compromiseOffer in compromise - Internal Revenue Service

    Aug 2, 2024 · An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay. Income. Expenses. Asset equity.

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  3. www.irs.gov › offer-in-compromise-faqsOffer in Compromise FAQs | Internal Revenue Service

    May 2, 2024 · Offer in compromise - Frequently asked questions. On this page: General Offer in Compromise (OIC) Information. Forms and Requirements. Payments and application fees. After the offer has been accepted, rejected or returned.

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  5. money.usnews.com › money › personal-financeIRS Offer in Compromise: Everything You Need to Know

    Feb 20, 2024 · An IRS offer in compromise enables you to settle tax debt for less than you owe. Eligibility requirements for these offers are specific, and the application process can...

  6. www.irs.gov › forms-pubs › about-form-656About Form 656, Offer in Compromise | Internal Revenue Service

    Sep 13, 2024 · Information about Form 656, Offer in Compromise, including recent updates, related forms, and instructions on how to file. Use Form 656 when applying for an Offer in Compromise (OIC), an agreement between you and the IRS that settles your tax liabilities for less than the full amount owed.

  7. www.nerdwallet.com › article › taxesIRS Offer in Compromise: Basics, Who Qualifies - NerdWallet

    Apr 25, 2024 · An IRS offer in compromise is a program allowing certain taxpayers to settle tax debt for less than they owe. Taxpayers must meet qualification requirements to...

  8. www.taxpayeradvocate.irs.gov › offer-in-compromiseOffer in Compromise - Taxpayer Advocate Service

    Dec 17, 2021 · We can offer you help if your tax problem is causing a financial difficulty, you’ve tried and been unable to resolve your issue with the IRS, or you believe an IRS system, process, or procedure just isn’t working as it should.

  9. www.taxpayeradvocate.irs.gov › offer-in-compromiseOffer in Compromise (OIC) - TAS - Taxpayer Advocate Service (TAS)

    Sep 10, 2020 · If you can’t pay your tax debt in full, or if paying it all will create a financial hardship for you, an offer in compromise (OIC) may be an option. An OIC (also known as an offer) is an agreement between you and the IRS, where the IRS agrees to accept less than the full amount you owe to settle the debt.

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