Understanding IRS Offer in Compromise: Your Path to Tax Debt Relief **Introduction to IRS Offer in Compromise** Tax debt can weigh heavily on individuals and businesses alike. However, the Internal Revenue Service (IRS) offers a ray of hope through its Offer in Compromise (OIC) program. This initiative aims to provide taxpayers grappling with tax liabilities a pathway to financial relief. **Eligibility for IRS Offer in Compromise** To qualify for an Offer in Compromise, individuals must meet specific criteria set forth by the IRS. This includes demonstrating financial hardship or unfairness in paying the full tax debt. Additionally, compliance with all filing and payment requirements is essential, along with the absence of ongoing bankruptcy proceedings. **Types of IRS Offer in Compromise** The IRS offers two primary types of Offers in Compromise: Doubt as to Liability and Doubt as to Collectibility. The former is for those disputing the amount of tax owed, while the latter ca