Settle IRS Debt for Less with an Offer in Compromise
What Is an Offer in Compromise?
An Offer in Compromise (OIC) is a program that allows taxpayers to settle their IRS debt for less than the full amount owed. It is one of the most powerful tax relief tools available—but approval is complex and not guaranteed.
At VeraTax, our team combines professional expertise + AI-powered eligibility analysis to give you the best chance of success, while shielding you from IRS enforcement actions during the process.
How the Offer in Compromise Works
Financial Review
We evaluate your income, assets, and expenses with AI-supported precision.
Eligibility Analysis
Our professionals determine if you meet IRS criteria for an OIC.
Negotiation & Filing
We prepare the full application, negotiate with the IRS, and work to stop levies or garnishments.
Ongoing Protection
Even after settlement, VeraTax provides filing, bookkeeping, and strategy support to keep you compliant.
Who Qualifies for an OIC?
- Limited income or earning potential.
- Few assets or low equity in property.
- High expenses compared to income.
- Demonstrated inability to pay full debt.
Note: Bankruptcy cases and some other tax debts are excluded. VeraTax professionals carefully assess your case before applying.
Why Choose VeraTax for an OIC
- Licensed Experts — Only CPAs, enrolled agents, and tax attorneys handle your case.
- AI-Driven Accuracy — Technology identifies the strongest path to approval.
- Protection from IRS Collections — We stop levies, liens, and garnishments during negotiations.
- Future-Focused Compliance — Bookkeeping, filing, and planning ensure you don’t fall behind again.
- Transparent Pricing — No hidden fees or empty promises.
Risks & Considerations
- IRS rejection if eligibility criteria are not met.
- Possible IRS liens filed during the application
- Strict compliance requirements for five years after acceptance.
