Ready to see if you can settle your taxes for less? Let’s start!
The Tax Tiger OIC Calculator is a preliminary tool which helps you to determine if you are eligible for an Offer in Compromise program. OIC (Offer in Compromise) is an IRS program that allows qualified individuals with unpaid tax debt to negotiate a settlement that is often much less than the total IRS debt. And unlike bankruptcy, where tax debt could be discharged only for certain years, OIC program allows you to settle IRS liability for ANY and ALL years.
To complete OIC Calculator you would need the following information available:
- Information about assets that you own
- Information about your monthly income/expenses
- Estimate or actual amount of your tax liability with the IRS
If you have the information handy it may take you 5-10 minutes to complete the questionnaire and get your results, along with minimum Offer amount calculated (if you are eligible for an OIC program). You can always come back to this tool and finish it later. This tool is used to calculate the Offer in Compromise settlement amount for federal tax liability only (payable to IRS), not state tax liability.
Ready to see if you can settle your taxes for less? Let’s start!