1. Offer-in-Compromise Stops Collection Enforcement

    The two most practical reasons for filing an Offer-in-Compromise (OIC) with IRS are: To prevent further IRS collections from occurring (i.e. wage garnishments, bank accounts, seizures) To limit the amount of out-of-pocket expense to satisfy the tax debt. See, everyone knows that you can make an offer to IRS to pay a lesser amount. But most do not realize that the OIC is an extremely effective meth…Read More