Offer in Compromise(redirected from Offers in Compromise)
Offer in Compromise
A program whereby a person or company owing delinquent taxes asks the IRS to settle the debt for less than the full amount owed. In order to be eligible for an offer in compromise, the taxpayer must demonstrate some doubt that the assessed amount owed is correct, show some evidence that he/she will never be able to pay in full, and/or show that there are other circumstances, such as age or disability, that will hinder payment. See also: Form 433-A.