OFFER IN COMPROMISE An OIC allows a taxpayer to pay a lesser amount to satisfy the entire tax obligation financial obligation. During the authorization process, the IRS explores a taxpayer’& rsquo; s economic situation and contrasts the taxpayer’& rsquo; s whole tax debt to their current monetary status. If approved into the OIC program, the taxpayer will certainly be subject to continuous review of their monetary standing to make certain that they can not manage to make larger tax obligation settlements.
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