How to Qualify for an OIC
Everyone would like to settle their tax bill for a fraction of what they owe. The IRS does not grant an OIC to anyone wishing to shirk their financial responsibility to Uncle Sam. There are certain circumstances that must be met in order for the IRS to consider granting an OIC.
Doubt of liability is one such condition that may qualify you for an OIC. Essentially, this means that there are genuine factors in existence which cast suspicion upon the validity of the debt in question. If the debt has already been deemed valid in a court of law, or is valid under current tax code, there is no credible doubt of liability to pursue. To reasonably support a claim of doubt, you must submit supporting... ...read full post