May 22, 2025 · You can use your Individual Online Account to check if you’re eligible to file an offer in compromise (OIC), make payments, and file your OIC online. We'll review your OIC and decide if …

Nov 22, 2021 · Individual taxpayers and business owners can use the IRS's Offer in Compromise Booklet or the new how-to video series to learn how an offer in compromise works and decide if it …

Sep 10, 2020 · After the IRS notifies you it has accepted your offer and you pay the reduced amount you’ve agreed to, your entire tax debt is resolved if you fulfill the terms of the offer agreement. If the …

Apr 1, 2025 · Frequently asked questions provides information on the offer process from submission to closure.

To calculate an offer amount, you will need to gather information about your financial situation, including cash, investments, available credit, assets, income, and debt.

Nov 21, 2025 · An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer's tax liabilities for less than the full amount owed.

Oct 18, 2022 · Individual taxpayers and business owners should review the IRS's Offer in Compromise Booklet to learn how these agreements work and decide if it could help them resolve their tax debts.

Apr 27, 2023 · The IRS has a free how-to video series on Offer in Compromise available in English, Spanish and Simplified Chinese. The playlist has easy-to-find information that taxpayers need to …

Jul 2, 2025 · 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.

Apr 24, 2024 · Taxpayers can check their eligibility and prepare a preliminary proposal with the Offer in Compromise Pre-Qualifier Tool. Review the Offer in Compromise Booklet