An Offer in Compromise is a Settlement of tax debt between you (the taxpayer) and the Internal Revenue Service (IRS), for less than the full balance owed.
Depending on the complexity of each case will determine the length of time that it will take to process a request. This process usually takes about 90 days after a specialist is assigned to the file, it could be in excess of 90 days, possibly up to a year. Submitting an offer application does not ensure that the IRS will accept your offer.
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