OIC Archives - Republic Tax Relief

08
Jan

What is Offer in Compromise and How Does it Work?

An Offer in Compromise (OIC) is an agreement between the IRS and a person who owes tax debt to the IRS to settle their tax debt for less than the full amount they were originally owed. Anyone who owes tax debt can make the offer, but IRS will only accept the offer from qualified taxpayers

18
Dec

New Tax Debt Relief Program Annouced from the IRS

The IRS released a new program this week called the Taxpayer Relief Initiative, which aims to assist taxpayers who cannot pay their taxes because of the ongoing pandemic.  Taxpayers who have tax debt from previous years or due to the continuing pandemic and unable to pay for the debt have options offered by the IRS,

05
Dec

What is Offer in Compromise (OIC) or Fresh Start Program?

Reviewed for accuracy by: Mark Ladd, CEO | Last updated: September 2026 This article has been fully reviewed and updated for 2026 in line with the latest IRS tax resolution guidelines and standards. What is Offer in Compromise (OIC) or Fresh Start Program? You owe the IRS more than you can realistically pay. Penalties keep