Course Tag: Application


OIC 102: Overview of the OIC Application Process

Overview of the Offer in Compromise Application Process. This course focuses on a taxpayer’s ability to eliminate past-due federal income tax liability by establishing a repayment plan through the IRS “Offer in Compromise” program, which is commonly known as the “Fresh Start Initiative.”  An overview is presented to help navigate…

OIC 103: Who Submits the OIC Application?

Who is the Proper Party to Submit the OIC Application? Before filing a formal Offer in Compromise application, a taxpayer may request a meeting in the IRS office which would have jurisdiction over the offer to explore the possibility of compromising unpaid tax liability.  26 C.F.R. § 601.203(d).  The Offer…