An IRS Offer in Compromise is an amazing way for taxpayers to resolve their tax debt. If accepted, you pay a lump sum, and your entire balance is erased. People with few or no assets and low income are most likely to qualify, with exceptions of course. There is an unfortunate rule that you wouldn’t know about unless you researched it in the Internal Revenue Code, though. Personally, I think it’s an unreasonable regulation in most cases. If you’re thinking of applying for an OIC but have recently