The OIC program statistics further show that the program is not a solution to all tax debt problems. The IRS approves only about fifteen percent (15%) of the offers in compromise submitted each year, and the IRS resolves less than one percent (1%) of all outstanding taxes due through the OIC program.

The new OIC laws demand a 20 percent payment with the lump-sum offer, or qualify for a waiver on a signed Form 656-A, "Income Certification for Offer in Compromise Application Fee and Payment."

The new rules also state the IRS must deem an OIC "accepted" if it has not been withdrawn, returned, or rejected within 24 months after IRS receipt. This doesn’t give much time for the IRS to even consider your offer and is one of the reasons so many are rejected.

The Offer in Compromise is becoming a way for tax companies to prey on innocent tax payers. Be warned the odds are not with you.