IRS Offer in Compromise
Settle Your IRS Debt for Less
How to settle your tax liability for less than the full amount owed
Easy IRS Installment Agreements
If you’re struggling with back taxes, your first priority is often stopping IRS collections. Right behind that comes finding real debt relief. One of the most effective options available is an Offer in Compromise (OIC), a program that allows you to settle your tax debt for less than the full amount you owe.
An Offer in Compromise is an agreement with the IRS that reduces your total tax liability. In many cases, qualified taxpayers can resolve their debts for just a small fraction of what’s owed, sometimes as little as 1%. For those facing overwhelming tax debt, an OIC can be a powerful path toward financial freedom.
Below, we’ll break down who may qualify for an Offer in Compromise and how you can use it to settle your IRS tax debt once and for all.
Offer in Compromise Eligibility
Before applying for an Offer in Compromise, you’ll need to meet several IRS eligibility requirements:
Receive a back tax notice:
You must first have an official balance due from the IRS.
Be current with your filings:
All required tax returns must be filed, and your current-year estimated taxes must be paid. If you’re self-employed with employees, you must also be up to date on all federal tax deposits.
Not be in bankruptcy:
Taxpayers currently involved in open bankruptcy proceedings are not eligible to apply until the case is resolved. If you meet these conditions, it’s important to evaluate your situation carefully before submitting an offer. Applying when you’re not a strong candidate can waste valuable time and money, resources that may be better directed toward other tax relief solutions.
Who Can Get IRS Tax Relief
The IRS will only approve an Offer in Compromise (OIC) if you meet one of the following conditions:
Doubt as to Liability:
There’s a valid question about whether you actually owe the tax debt or if it was incorrectly assessed.
Doubt as to Collectibility:
You may qualify if you can prove paying your full tax debt would cause hardship or isn’t possible given your income and assets.
Effective Tax Administration:
Even if you owe and could pay, the IRS may accept your offer if collecting the full amount would create an unfair hardship.
Because the IRS has broad collection powers, it only approves offers that fully meet these strict criteria. Our job is to build a strong, well-documented case that gives you the best chance at approval.
1. What is the difference between a settlement, an installment agreement, and Currently Not Collectible status?
2. Am I eligible for an OIC based on doubt as to collectibility?
3. What are the advantages of an Offer in Compromise over other tax relief options?
4. How much will the IRS settle for with an Offer in Compromise, and how is the amount determined?
5. How can I apply for an Offer in Compromise?
6. How can I improve my chances of a successful Offer in Compromise?
Why Choose M7 for Your Offer in Compromise?
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✅ Proven success in reducing tax burdens and resolving IRS issues.
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