IRS Offers in Compromise


What is an Offer in Compromise?

An agreement that resolves the taxpayer’s tax debt is called an “offer in compromise”. This agreement is between a taxpayer and the IRS. By accepting less than full payment under certain circumstances, the IRS has the authority to settle, or “compromise,” federal tax liabilities.

For the complete OIC policy statement, see IRS Policy Statement P-5-100 . The objective of the OIC program is to accept a compromise when it is in the best interests of both the taxpayer and the government. This helps promote voluntary compliance with all future payment and filing requirements.

With over 50 + years of combined practice, Santillán Law Firm, P.C. has the experience submitting Offers in Compromise. While all results are not typical, we have settled debts for less than the amount our clients originally owed, saving them thousands to millions of dollars. Despite our successful history, we advocate the saying, “Past Performance is not a Guarantee of Future Success.”

Santillán Law Firm, P.C. is different than other companies that offer OIC services in that, we will only prepare & submit Offers in Compromise that have a reasonable chance of success. That means that we will follow the IRS’ guidelines while strongly advocating “real life” results for our clients. We don’t promise a result that is not founded in law and/or fact. As a result, our success is based upon mutual respect of the process by all parties involved.