Offers-In-Compromise: Lump Sum Vs. Deferred
An Offer-in-Compromise (OIC) is an agreement between the taxpayer and the IRS that allows a taxpayer to settle his or her tax debt for less than what’s owed. The lump-sum payment option requires payment of 20% of your OIC upfront, with the remaining balance paid within five or fewer monthly installments. If you want to […]