Educational Tax Tip: Can You Settle Payroll Tax Debt Through an Offer in Compromise?

Is it possible to request an Offer in Compromise (OIC) for payroll tax debt with the IRS? Yes, but payroll tax OICs are more challenging because they include taxes withheld from employees, which the IRS treats very seriously. In most cases, the IRS requires all required payroll returns to be filed, compliance to be current, and responsible individuals to be identified before considering an offer. An OIC may be accepted only if it meets the IRS’s reasonable collection potential and qualifies under specific criteria, such as doubt as to collectibility.

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