Following a successful appeal by the Taxpayer Advocate Service, the Internal Revenue Service or IRS has agreed to ease the existing policies for taxpayers with low income trying to settle their tax debt, while trying to get tax refunds.
Offer In Compromise, known as an OIC, is a program by the Internal Revenue Service (IRS) which allows taxpayers to settle their unpaid tax liability for a lesser amount in order to clear their total tax debt owed.
