Offers in Compromise

An offer in compromise (OIC) is a unique settlement option where the IRS agrees to accept less than a taxpayer actually owes. For taxpayers that feel the assessed amount of their tax bill was unfair or for those who may never be able to pay their entire tax bill due to a financial hardship, this could be an attainable settlement option. Obviously, the IRS does not easily accept this type of offer.

 

But, if your case meets the requirements, a skilled accounting firm like ENG Accounting & Taxation Srvc Inc. can construct a sufficient offer. First, you'll need to find out if you qualify for an offer in compromise under current IRS guidelines.