IRS Tax Help - Maybe an Offer in Compromise Will Work For IRS tax help with your tax problem, some American tax payers qualify for an offer in compromise or OIC. This is when the IRS and the payer reach an agreement that settles all of the tax liability issues that are present at a specific time for a specific period and the IRS accepts a partial payment and dismisses the balance of what is owed. There are three different types of OIC's that a tax payer would have to fall into to qualify for this type of agreement. The first is classified as to the doubt that the tax is actually collectable. This is when the amount of tax is known and verified by both the payer and the IRS, but the monthly income of the payer prohibits them from paying the full amount of the tax owed. To qualify for this, you must not own any property and be barely making enough money to live on. The second is that there is some doubt whether the tax payer is liable for the tax that is owed. This can be done three ways. The tax examiner interpreted the law wrong. The second way was if the tax examiner refused to look at the evidence that was presented to them. The third way is if the tax payer has new evidence to present showing they are not liable for the tax that has been assessed. The last is the effective tax administration. This is when paying the undisputed amount of taxes would bring economic hardship to the payer. These are allowed when long term illness and sickness occurs in the family and the money that does exist, is needed for the survival of the family. An OIC is just one of many ways the IRS tax help can resolve your tax problems. Of course, the above is not legal or accounting advice -- it is for informational purposes only. Before making any decisions regarding legal or tax matters, it is vital that you consult a licensed professional lawyer or tax accountant. [Tax Help Everett WA](https://everetttax.com/)