What is the Fresh Start Initiative Offer in Compromise?

An Offer in Compromise (OIC) is an IRS tax settlement option given to taxpayers who are unable to pay the full amount of taxes they owe. The OIC program can be a useful tool for taxpayers that have found their tax debt to be insurmountable. If a financially distressed taxpayer can prove that paying off the entirety of their debt would cause undue financial hardship, the IRS may consider reassessing the amount of debt owed.