We’re glad to announce that we’ve started composing an offer in compromise (or OIC) tutorial. And while we’ve only just started, we’re working at adding to it with serious intent. So please have a look at the Huddleston Tax Library and revisit regularly, as we intend to update the article titles often. The guide will look at subjects including:
• Basis for offer and doubt as to collectability.
• Who is eligible for the offer in compromise?
• IRS rejection of offer in compromise: bankruptcy and not currently collectible options.