Tag: OIC

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OIC Mistakes

February 11, 2014 by in category irs tagged as , ,

Mistakes to avoid while applying for OIC If you owe the Internal Revenue Service, an Offer in Compromise (OIC) is a legitimate way to settle the debt. The goal of the IRS is to collect debts in their entirety, so you must show you have valid reasoning to ask for an OIC. If the agency […]

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Tax Settlement and Tax Debt

January 26, 2014 by in category Tax Debt, Taxes tagged as , , , , , ,

Owing back taxes and tax debt can be one of the biggest bothers, something that is often unforeseen. While it certainly can be an unwelcome and unpleasant situation to be in, it can always be worse, and definitely is not the end of the world. No matter how much tax debt you find yourself in, […]

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How to Appeal a Denied Offer in Compromise

December 6, 2013 by in category irs tagged as , ,

Having your offer in compromise (OIC) denied can be frustrating, but it happens since the Internal Revenue Service (IRS) only accepts 90 percent of all offers. Understanding very well why your OIC was rejected is the first step that will help you when you want to appeal an Offer in Compromise that was rejected. You […]

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