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IRS Offer in Compromise Public Inspection Program

IRS Offer in Compromise Public Inspection Program: The IRS Offer in Compromise (OIC) program is a lengthy, detail process to come to an agreement between a taxpayer and the IRS to settle a tax liability for less than the full amount. The IRS is authorized to settle a tax debt on one of three grounds: 1) a doubt that The tax liability can be collected in full, 2) a verifiable doubt as to the amount owed, or 3) to promote effective Tac administration.

In the early 1950s, in order to promote transparency, President Truman directed the IRS to open for public inspection any accepted OIC for one year after the acceptance. Sensitive taxpayer information is redacted.

To view the OIC files, a taxpayer must make an appointment in advance. Files are stored at one of seven sites based on the taxpayer’s geographical residence.

(Treasury Inspector General for Tax Administration Report Reference Number 2019-IE-R001, 10/22/2018) (TTT 10/30/18)