You’ve probably seen ads claiming you can “wipe out your IRS debt for pennies on the dollar.”
Sometimes that’s true—but only for those who truly qualify. Here’s how it really works.
What Is an Offer in Compromise (OIC)?
An Offer in Compromise lets qualified taxpayers settle their IRS debt for less than the full amount owed.
The IRS accepts an offer only when it believes it’s the most it can collect within a reasonable time.
Who Typically Qualifies
You may qualify if:
- Your income barely covers necessary living expenses
- You have little or no asset equity
- Paying in full would cause economic hardship
- You’re current on required filings and estimated taxes
Red Flags & False Promises
Beware of companies that:
- “Guarantee” acceptance before reviewing your finances
- Promise results in days
- Hide fees or file incomplete offers
A weak submission wastes months and can worsen your situation.
At Tax Relief Systems LLC, we submit only realistic, data-based offers—no false promises.
What If You Don’t Qualify
If an OIC isn’t right for you, other relief programs may still help:
- Affordable Installment Agreements
- Penalty Abatement Requests
- Currently Not Collectible status
How Tax Relief Systems LLC Handles OIC Cases
- Full financial analysis before submission
- Transparent recommendations—even if OIC isn’t your best path
- Honest expectations from start to finish
Think you might qualify to settle your IRS debt for less?
Request a free evaluation with Tax Relief Systems LLC today at (877) 807-3133 or info@taxreliefsystemsllc.com
Article written by Richard Lococo.
