Sentence Examples


  • Otherwise known as an OIC, this is a final option that requires an application and IRS approval to allow a taxpayer to resolve the debt for less than the amount owed, only after other payment options have failed for one reason or another.
  • The agency also encourages individuals to seek the advice of a tax attorney, CPA or enrolled agent to explain the OIC filing process, as there are many reputable tax assistants that will do this for a nominal fee.
  • The IRS always makes the final determination on who is accepted for this option, regardless of promised negotiation tactics, and whether the $150 OIC filing fee can be waived.
  • All the necessary information as to what qualifies a taxpayer for an OIC option, the forms involved and further assistance can be found for free on the IRS Web site.
 
 

Words near OIC in the dictionary