IRS News Release: Avoid Offer in Compromise Mills, Part of 2024 Dirty Dozen (IRC §7122)

Taxpayers are warned to avoid pricey Offer in Compromise “mills” that aggressively mislead taxpayers into thinking their tax debts can disappear, the IRS announced as part of the 2024 Dirty Dozen list of tax scams. Companies running OIC mills continue heavily advertising their promises to settle taxpayer debt at steep discounts for pennies on the dollar. While OIC is a legitimate IRS program, many taxpayers do not meet the technical requirements for the tax resolution program, often leaving them facing excessive fees from the promoters for information they could have easily obtained for free by using the IRS’s Offer in ...