IRS Offer in Compromise: Form 656-B + 2026 OIC Mills Warning
How does the IRS Offer in Compromise work, and how do you avoid OIC mills? An IRS Offer in Compromise (OIC) is a legally-binding agreement between a taxpayer and the IRS to settle outstanding tax debt for less than the full amount owed. You apply with Form 656-B (Offer in Compromise Booklet) plus a $205…