offer in compromise

IRS Fresh Start Program tax relief options guide

What is the IRS Fresh Start Program?

Debt Relief, IRS Enforcement, Tax Law / Jack Gilbert

The IRS Fresh Start Program is a set of IRS relief options introduced in 2011 and expanded in 2012 to make resolving tax debt easier for individuals and small businesses. It can help taxpayers avoid aggressive collection by using tools like streamlined installment agreements, penalty relief, and offers in compromise. This article explains what it […]

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What is an offer in compromise?

IRS Audits and Examinations, Tax Dispute Resolution, Tax Law / Jack Gilbert

An Offer in Compromise (OIC) is an IRS program that may allow you to settle federal tax debt for less than the full amount owed, based on your ability to pay. The IRS evaluates your income, expenses, assets, and overall “reasonable collection potential” to decide whether to accept the offer. This article explains how an

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