Offer in Compromise: Your Questions Answered
What happens during the FREE investigation?
We pull your IRS transcripts, review your financial situation, and calculate your Reasonable Collection Potential using IRS formulas. We then give you an honest assessment of whether an OIC is realistic for you and what settlement amount you might expect. This normally costs $400, but we provide it free to earn your trust.
What is the acceptance rate for OIC applications?
Approximately 21% of OIC applications are accepted by the IRS. This is why we are extremely careful about who we encourage to apply. We will not take your money if we don't believe you have a real chance of success.
How much can I settle my debt for?
It depends on your Reasonable Collection Potential (RCP), which is based on your income, expenses, and asset equity. The IRS will not accept an offer for less than your RCP. In some cases, taxpayers settle for 10-20% of their debt. In others, the settlement may be 50% or more. Our investigation will give you a realistic estimate.
How long does the OIC process take?
From application submission to final decision, the process typically takes 6-12 months, though it can be longer in complex cases. During this time, the IRS generally suspends collection activities.
