Offer in Compromise
Settle your IRS tax liabilities for less than the full amount you owe.
An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that settles the taxpayer's tax liabilities for less than the full amount owed. When you genuinely cannot pay your full tax debt - or doing so would create a financial hardship - an OIC can be the fresh start you need.
File your Offer in Compromise today. Get immediate help with a FREE consultation from an A+ rated tax firm, Libre Tax Resolution. Our Enrolled Agents analyze your complete financial picture, determine whether you qualify, and prepare a compelling offer that gives you the best possible chance of acceptance.
Key Benefits
- Settle your tax debt for less than you owe
- Stop aggressive IRS collection activity
- Eliminate the stress of an unmanageable balance
- A documented, professionally prepared offer
- Guidance to stay compliant after acceptance
How It Works
Eligibility Check
We confirm you're eligible - all required returns filed, not in an open bankruptcy - and review the IRS pre-qualifier criteria.
Financial Analysis
We conduct a thorough analysis of your income, expenses, assets, and reasonable collection potential.
Offer Preparation
We prepare and document Form 656 and Form 433-A (OIC) with the strongest supporting evidence for your case.
IRS Negotiation
We submit your offer and negotiate directly with the IRS on your behalf, responding quickly to every request.
Settlement
Once your offer is accepted, we make sure you meet the terms and stay compliant going forward.
Who Qualifies for an OIC?
Not sure if this is right for you? A free consultation is the fastest way to find out.
- You owe more than you can reasonably pay in full
- Paying the full balance would create a financial hardship
- All of your required tax returns have been filed
- You're current on estimated payments and withholding
- You are not in an open bankruptcy proceeding
Frequently Asked Questions
An Offer in Compromise is an IRS program that lets qualifying taxpayers settle their tax debt for less than the full amount owed. It is designed for people who cannot pay their full liability, or for whom paying in full would cause a financial hardship.
Most OIC cases take roughly 6 to 12 months from submission to a decision, depending on the complexity of your finances and current IRS processing times. We keep your case moving and respond quickly to IRS requests.
You must have filed all required tax returns, be current on estimated payments, not be in an open bankruptcy, and be able to show that your offer reflects your reasonable collection potential.
Once a valid offer is submitted, the IRS generally suspends most collection activity while it reviews your offer. We also request protective status on your behalf at the very start of your case.
Your offer amount is based on your reasonable collection potential - essentially your available assets plus future income. We calculate this carefully so your offer is both acceptable to the IRS and affordable for you.
Get Help With Offer in Compromise Today
Tell us about your situation and one of our expert Enrolled Agents will reach out within one business day - at no charge.