Understanding the Offer in Compromise: Can You Really Settle for Less?
If you owe the IRS more than you can afford to pay, the situation can feel hopeless. Mounting tax debt, penalties, and interest can quickly spiral out of control — leaving many taxpayers unsure where to turn. But here’s the good news: the IRS offers a program called an Offer in Compromise (OIC) that could allow you to settle your tax debt for less than the full amount owed. Sounds too good to be true? Let’s break it down and see how it really works.

