IRS Dirty Dozen: Trouble Paying Taxes?Don’t go to an OIC Mill
Date: January 21, 2022
The annual IRS Dirty Dozen list warns taxpayers about popular scams for the current tax year. #6 on the list is Offer-in-Compromise (OIC) Mills. These “OIC Mills” promise to settle taxes owed to the IRS for “pennies on the dollar.” Many of these companies charge nonrefundable fees, sometimes in the thousands. In reality, many taxpayers could get the same offer from the IRS to settle their debts through other avenues. Qualifying for an Offer-In Compromise with the IRS has strict income vs expenses requirements. Owing money to the IRS can be an intimidating and complicated process for individuals. Get free help from a Low-Income Taxpayer Clinic (LITC) at (812) 339- 7668.
Franklin Hunt-Gonzalez,
Student Law Clerk