Tax IRS issues warning about Offer in Compromise 'mills' By Michael Cohn September 19, 2024, 2:40 p.m. EDT 1 Min Read ...

Taxpayers should check their eligibility for free using the IRS Offer in Compromise Pre-Qualifier tool.

Facing tax debt? The IRS Offer in Compromise lets you settle for less, but strict criteria apply. Learn about penalties, CNC status, and payment plans.

Qualify for an IRS Offer in Compromise to settle tax debt for less. Meet strict criteria, prove financial hardship, and submit required forms and payments.

There’s a pre-qualifier tool you can use on the IRS website to see if the program is an option for you. VERIFY Fast Fact #2: You don’t need to hire someone to use the OIC program.

While an Offer in Compromise is a legitimate program offered by the government agency that helps qualifying taxpayers settle tax debts for less than the full amount owed, these agreements are made ...

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This is called an “offer in compromise,” and the IRS will typically approve a settlement offer if it “represents the most [they] can expect to collect within a reasonable period of time ...

In some cases, the tool allows you to provide bank account information for direct deposit. The IRS updates this information daily, typically at night, so checking more than once a day is unnecessary.

IRS 2025 report highlights OIC scams; taxpayers urged to verify eligibility and avoid aggressive marketing for debt settlement assistance.