As professional legal advisors, we here at The Law Offices of Ryan McFarland believe that if there’s a will, there’s a way. And in an Offer in Compromise (OIC), this mode of payment of tax debt gives you the opportunity to pay a tax debt that is less of what you owe provided that you have exhausted all the above efforts to make sure that you can pay.
"Payment Plans"; "IAs";
On the contrary, if you are surprised that your application has been approved, do not be. As we mentioned, Offers in Compromise are usually the final option when it comes to tax payment. In most cases, the IRS looks for the most suitable reason that can give you full-speed on your OIC.
Streamlined Installment Agreements
this happens when the nature of owing the taxes is questionable.