Offer in Compromise Tax Relief Services - Settle IRS Tax Debt for Less
Tax Relief Service

Offer in Compromise (OIC)
Tax Debt Relief

Settle your IRS tax debt for less than you owe. Our expert team helps you negotiate with the IRS to reduce your tax burden and get a fresh start.

Learn About Offer in Compromise

Watch our expert explain how Offer in Compromise works and how it can help you

This video provides an overview of the Offer in Compromise process and what to expect when working with Valor Tax Relief.

What is an Offer in Compromise?

A legitimate IRS program that allows you to settle your tax debt for less than the full amount owed

How It Works

An Offer in Compromise is a formal agreement between you and the IRS that allows you to settle your tax debt for less than the total amount you owe. The IRS may accept your offer if they believe:

You cannot afford to pay the full tax liability
Collecting the full amount is not practical or reasonable based on your financial situation

Key Benefits

Significantly reduce total tax liability
Stop aggressive IRS collection actions
Stop accumulating interest and penalties
Improve your credit standing in the long term

Who Qualifies for an OIC?

Filed All Returns

You have filed all required tax returns and are current with your tax obligations

No Bankruptcy

You are not in active bankruptcy proceedings or have recently emerged from bankruptcy

Financial Hardship

You can demonstrate genuine financial hardship and inability to pay the full amount

Note: Not everyone qualifies — the process requires a formal application with detailed financial documentation and typically takes several months to complete.

How Valor Tax Relief Helps

Our experienced team simplifies the process and represents you every step of the way

1. Free Consultation

Eligibility check and initial assessment

2. Document Prep

Gather and prepare financial documents

3. Submit OIC

Submit your offer to the IRS

4. Track Progress

Monitor and respond to IRS requests

5. Resolution

Finalize agreement and ensure resolution

We communicate directly with the IRS to ensure the best possible outcome for you.

What Our Clients Say

"I'm a self-employed truck driver and my tax debt kept me up at night. Thanks to Valor Tax Relief, I successfully settled and saved over $30,000. Incredible!"

Carlos M.

Texas

Frequently Asked Questions

Is everyone eligible for an Offer in Compromise?

No. The IRS accepts OIC applications only if you can demonstrate you are financially unable to pay the full amount and are compliant with prior tax filings.

How much can I save with an Offer in Compromise?

Savings vary significantly based on your financial situation. Some clients save 50-90% of their total tax debt. The IRS calculates your offer based on your ability to pay, not the amount you owe.

How long does the IRS take to process an OIC?

Typically between 6 and 12 months, depending on case complexity and documentation. The IRS has 24 months to make a decision, but most cases are resolved within a year.

Do I stop making payments while my OIC is under review?

Not necessarily. However, the IRS will pause enforcement actions such as asset seizures and wage garnishment during the review period.

Do I need a tax lawyer or specialist?

Not required, but strongly recommended. A professional team like Valor Tax Relief increases your chances of success and avoids costly mistakes.

I was previously denied an OIC — can I reapply?

Yes. You can submit a new application if your financial situation has changed or errors were fixed.

What are the costs involved in submitting an OIC?

There is a $205 application fee, unless you qualify for low-income status. A down payment may also be required based on your offer type.

What is the success rate for Offer in Compromise?

The IRS accepts approximately 25-30% of OIC applications. However, with professional representation like Valor Tax Relief, our success rate is significantly higher due to proper preparation and documentation.

What documents do I need for an OIC application?

You'll need 3 months of bank statements, pay stubs, tax returns, expense documentation, and asset information. Our team helps gather and organize all required documents.

Can I keep my house and car with an OIC?

Yes, in most cases. The IRS considers reasonable living expenses and allows you to keep essential assets. Your home equity and vehicle value are factored into the offer calculation.

How long do I have to stay current on taxes after OIC acceptance?

You must file and pay all taxes for 5 years after the OIC is accepted. Failure to comply can result in the OIC being revoked and the full debt reinstated.

Can I pay my OIC in installments?

Yes. The IRS offers two payment options: lump sum (paid within 5 months) or periodic payments (paid over 24 months). Periodic payments may require a down payment.

What happens if my OIC is rejected?

If rejected, you can appeal the decision or explore other options like installment agreements or currently non-collectible status. Our team helps evaluate the best alternative solutions.

How do I get started with an Offer in Compromise?

Call us at 877-814-2398 for a free consultation. We'll evaluate your eligibility, explain the process, and help you determine if an OIC is the right solution for your tax debt.

Ready to Resolve Your Tax Debt?

Our team of experienced tax professionals is here to help. Contact us today for a free consultation about your Offer in Compromise.

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