Some taxpayers are allowed to settle their debt with the IRS for less than the amount owed with an offer in compromise (OIC). However, beware of “OIC mills.” These fraudsters often promote themselves on social media or local radio and television stations, promising they can help taxpayers resolve tax debt issues quickly and inexpensively. In reality, many taxpayers aren’t eligible for an OIC. These promoters know this, but they’re likely to make false guarantees and charge their victims high fees to file paperwork anyway. To avoid these abusive practices, use the IRS’s online OIC pre-qualifier: https://bit.ly/4sUKZkl. And work only with reputable tax advisors. Contact us for help.
