An IRS Offer in Compromise (OIC) allows you to settle your tax debt for less than the full amount owed — potentially saving tens or hundreds of thousands of dollars — based on the IRS's calculation of your Reasonable Collection Potential. The IRS accepted approximately 17,890 offers in FY2023, but the rejection rate remains high for unrepresented taxpayers because the financial documentation and legal arguments must be precisely prepared. Neil Jesani Tax Resolution's team of 70+ professionals has negotiated hundreds of successful OICs, including settlements that reduced six- and seven-figure tax debts by 80% or more. Settle Your IRS Tax Debt for Less An Offer in Compromise (OIC) allows you to resolve your entire tax debt with the IRS for less than the full amount owed — sometimes significantly less. While the IRS accepts only a fraction of OIC applications each year, our team has extensive experience preparing successful offers that meet the IRS's strict evaluation criteria and withstand scrutiny from Offer Examiners. At Neil Jesani Tax Resolution, we conduct a thorough financial analysis before recommending an OIC, ensuring it's genuinely the right strategy for your situation. We prepare comprehensive applications that accurately present your financial position and maximize your chances of acceptance while keeping your offer amount as low as legitimately possible. How the OIC Process Works The IRS evaluates Offers in Compromise based on your Reasonable Collection Potential (RCP) — a formula that considers your monthly income, allowable living expenses, asset equity, and future earning capacity over the remaining collection statute. Our team understands exactly how the IRS calculates this figure and works to present your financial situation in the most favorable light within legal and ethical boundaries. The process involves preparing detailed financial disclosures on IRS Forms 433-A (OIC) or 433-B (OIC), gathering extensive supporting documentation, and...