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Offer in compromise
Understanding Offer in Compromise (OIC)
An Offer in Compromise (OIC) is a program offered by the IRS that allows taxpayers to settle their tax debt for less than the full amount owed. It’s essentially a way to negotiate a “fresh start” with the IRS, and for many, it can be a game-changer.

OIC Can Get Complicated
However, getting an OIC approved is not easy—it requires proving to the IRS that paying the full debt would cause you significant financial hardship or that the amount owed is greater than what the IRS could reasonably collect from you.

What Is an Offer in Compromise?
An OIC is a formal request submitted to the IRS where you propose a reduced amount to settle your outstanding tax debt. It’s important to note that not everyone qualifies for an OIC, and the IRS will only accept an offer if they believe the reduced amount is the most they can collect from you.
The IRS considers several factors when evaluating an OIC, including:

ABILITY TO PAY
The IRS will look at your assets, income, and expenses to determine if you can afford to pay the full debt.

INCOME AND EXPENSES
A detailed analysis of your financial situation, including monthly living expenses and income, will be used to assess whether you can make payments over time.

ASSET EQUITY
The IRS will evaluate the value of your assets (home, vehicles, savings) to determine if they can be liquidated to pay the debt.

FUTURE EARNING POTENTIAL
They will also assess your ability to earn money in the future to gauge whether you can pay off the debt in full over time.
The Tax Debt Negotiation Process
The negotiation process begins with a thorough assessment of your finances The primary goal of the OIC program is to allow taxpayers to settle their debts if paying in full would create an undue financial burden, or if the IRS cannot realistically collect the full amount.

How Ovation Tax Group Can Help
While the OIC program offers a significant opportunity for those struggling with overwhelming tax debt, the process can be complex and difficult to navigate.
That’s where we come in.
- Eligibility Assessment
We start by assessing whether you qualify for an Offer in Compromise. We’ll thoroughly review your financial situation, including income, expenses, assets, and liabilities, to determine if an OIC is a viable option for you. In many cases, we may find that you’re eligible for an OIC before you even realize it. - Filing the OIC
The application process for an OIC is highly detailed and requires a lot of documentation. A tax relief company will handle the paperwork, ensuring everything is filled out correctly and submitted on time. This includes Form 656 (Offer in Compromise application), Form 433-A or 433-B (Collection Information Statement), and supporting documentation of your financial situation. - Negotiating with the IRS
Once your offer is submitted, the IRS will either accept it, reject it or make a counteroffer. We act as your advocate, negotiating with the IRS on your behalf to get the best possible settlement. We have experience working with the IRS and understand how to present your case to maximize your chances of success. - Managing IRS Communication
The process of negotiating an OIC can be stressful, especially when dealing with the IRS directly. We handle all communications with the IRS, keeping you informed and ensuring that you don’t miss any deadlines or requests for additional information. This reduces the risk of mistakes that could delay or derail your offer. - Strategic Advice
In many cases, we offer strategic advice on how to improve your chances of acceptance. This might include temporarily reducing your income or adjusting certain expenses to improve your financial position, ensuring that the IRS sees the most favorable picture of your situation. - Post-Offer Support
If your OIC is accepted, we will work with you to ensure that you comply with all the terms, including any required payments or reporting. We also offer advice on how to avoid future tax issues, ensuring that your accepted offer remains intact.
Why Work with Ovation Tax Group?
At Ovation Tax Group, we offer a free comprehensive consultation to help you fully understand your tax situation. Before you spend any money, we’ll even contact the IRS on your behalf to gain a clear picture of your tax burden and determine where you stand. This includes assessing whether you're at risk of IRS action or if you’re close to a resolution.

Solve Your Tax Debt Concerns
Our team of experts specializes in negotiating with the IRS and navigating the complexities of the Offer in Compromise (OIC) process. Trying to settle your tax debt without professional assistance can be frustrating, time-consuming, and often leads to missed opportunities. Working with us boosts your chances of success and ensures your interests are protected throughout the process.

Get Financial Relief
Explore Your Options
If you're facing overwhelming tax debt, an Offer in Compromise could provide the financial relief you need. However, the IRS doesn’t make this process easy, and without expert help, it’s difficult to succeed. We’ve guided thousands of people through the process, handling all the heavy lifting and fighting for the best possible outcome.
Don’t let tax debt overwhelm you. Contact Ovation Tax Group today to explore your options, have us negotiate with the IRS on your behalf, and secure the financial relief you deserve.

ELIGIBILITY REQUIREMENTS
We help you navigate programs like the Currently Non Collectable ensuring your application meets the IRS’s rigorous criteria for acceptance.

COMPREHENSIVE DOCUMENTATION SUPPORT
Our team handles the detailed financial disclosures required by tax agencies, minimizing the risk of delays or denials due to errors or omissions.

SKILLED NEGOTIATIONS
With deep knowledge of tax laws, policies, and procedures, we effectively negotiate on your behalf, presenting a strong case for favorable resolutions.

CLEAR COMMUNICATION
We guide you through the time-consuming process with clear communication and ethical practices, ensuring every step is managed efficiently and quickly, maximizing your chances for success.

Complimentary Consultation with IRS Representation
Understand exactly what you owe and the actions the IRS is planning to take. We provide full transparency and expert representation, ensuring you’re fully informed before any decisions are made.
No qualification is necessary. You can get tax debt help today.
Complimentary Tax Consultation
Let Ovation Tax Group help you navigate the tricky world of tax debt and negotiate with the IRS on your behalf.