-
Malaysia's Firefly extends flight cancellations due to haze
-
Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
-
IMF upgrades 2026 growth forecast but warns of 'split' outlook
-
Damaged and drained, Indonesia's peatlands go up in smoke
-
Infantino could pull off 'Houdini' act as critics struggle for candidate
-
Dominant Australia wary of Pacific threat at Rugby League World Cup
-
France braces for fresh nationwide student demonstrations
-
Pope to be admitted to hospital for lung operation
-
Ahead of Israel vote, desert town becomes frontline against ultra-Orthodox expansion
-
Samoa's McFarland welcomes 'massive' arrival of ex-All Blacks for World Cup run-in
-
El Nino Watch: the impacts around the world this week
-
Brewers beat Dodgers 7-4 to extend MLB playoff lead
-
Man City, PSG clash at contrasting time for state-backed projects
-
Teenager shoots headmaster, teacher at French school
-
Melbourne imam denies links to suspected flydubai hijacker
-
'Breaking Bad' actor RJ Mitte dead: representatives
-
Coventry crush Newcastle to climb out of relegation zone
-
Former DR Congo president Kabila forms new force with M23 armed group
-
'Devastating' waves leave California beach homes on brink of collapse
-
Tom Cruise's 'Digger' tanks, leaving studio with $250 mn hole
-
Meta says its new AI models on par with OpenAI, Anthropic
-
US actress Selma Blair arrested after flight altercation
-
Talarico rejects mental health conspiracy theory after return from flu
-
One dead as Hurricane Simon creeps along Mexico's Pacific coast
-
Brazil presidential candidate Flavio Bolsonaro to visit jailed father
-
Carrick's Man United 'hungry and eager' to fix worst start in decades
-
Brazil's patron saint reappears in polarized election campaign
-
Fury as US federal agents search anti-Trump lawmaker's home
-
US Open champ Zverev to become tennis world number one
-
One goal enough for Flick as Barca enter Galatasaray cauldron
-
Migrant crisis wounds unhealed in Ceuta as Spanish royals visit
-
A7 to unveil a service that will re-invent the international payments market
-
Brazilian judge allows Flavio Bolsonaro to visit jailed father
-
'Status quo' with EU 'not good enough', UK PM says as summit date set
-
France braces for fresh student demonstrations as Macron calls for 'respect'
-
Stolen Renoir paintings found behind wall in France
-
Zelensky doubtful on Russian acceptance of Trump's 'energy ceasefire'
-
French supermarkets suffer refrigerator shutdown after 'unprecedented' cyberattack
-
Federal agents search home of Trump critic Ilhan Omar: government
-
Arsenal lose Hincapie and Zubimendi in freak double blow
-
Pakistan detains hundreds from ex-PM Khan's party as protests falter
-
Saudi says resilience tested, vows response after deadly airport attacks
-
Australia's Smith off field after being struck on helmet
-
Alcaraz exits Shanghai Masters in straight-sets loss
-
UK retains early access to test latest US AI models
-
Pope to enter hospital on Tuesday for lung operation
-
Top NATO commander warns Russia any attack would be 'futile'
-
Renshaw shines again before Australia declaration
-
Stolen Renoir paintings found behind wall in France: prosecutor
-
Atletico's Simeone encourages goalless Alvarez improvement
How the IRS Decides Who Qualifies to Settle for Less - Clear Start Tax Breaks Down Offer in Compromise Approval Factors in 2026
The IRS approves only a fraction of Offer in Compromise applications each year, and understanding the math behind the decision is the difference between an accepted offer and a wasted filing.
IRVINE, CA / ACCESS Newswire / July 15, 2026 / The Offer in Compromise (OIC) program lets qualifying taxpayers resolve a federal tax debt for less than the full balance - but it is also one of the most misunderstood tools in the tax code. Clear Start Tax says many applicants are rejected not because they don't deserve relief, but because they misjudge how the IRS calculates what it believes it can collect.
"The IRS doesn't settle because someone asks nicely or because the balance feels overwhelming," said a spokesperson for Clear Start Tax, a national tax relief and resolution firm. "It settles when the numbers show it's unlikely to collect more than the offer over a reasonable period. Results vary from case to case, and a strong offer is built on those numbers, not on hope."
At the center of every OIC is a figure the IRS calls reasonable collection potential - essentially the value of a taxpayer's assets plus what's left of their income after allowable living expenses, projected over a set number of months. An offer that meets or exceeds that figure has a realistic chance; one that falls below it is usually returned. That's why two people with identical balances can receive very different outcomes.
Approval also depends on compliance and accuracy. Applicants must be current on required filings, keep up with estimated payments, and document every figure they claim. A single unfiled year or an overstated expense can stall or sink an otherwise viable offer. The process typically takes several months, and the IRS continues to expect good-faith cooperation throughout.
"Where we see people go wrong is treating the Offer in Compromise like a negotiation over a price," the spokesperson added. "It's really a financial disclosure. The stronger and more honest the documentation, the better the odds - and the fewer surprises along the way."
To help taxpayers weigh whether an Offer in Compromise is realistic, Clear Start Tax recommends:
Confirming that all required tax returns are filed before applying
Calculating reasonable collection potential - assets plus disposable income - before naming an offer amount
Keeping current on estimated taxes and withholding during the review period
Documenting every income and expense figure, since the IRS verifies the details
Educational overviews of Offer in Compromise and other IRS resolution programs are also available through consumer resources such as Fresh Start Initiative.
By answering a few simple questions, taxpayers can find out if they're eligible for the IRS Fresh Start Program and take the first step toward resolving their tax debt.
"An Offer in Compromise can be life-changing for the right candidate, but it's not a guarantee and it's not for everyone," the spokesperson said. "Understanding how the IRS scores your case before you file is what separates a serious application from a long shot."
About Clear Start Tax: Clear Start Tax is a nationwide tax resolution and relief firm specializing in helping individuals and businesses address IRS and state tax issues. With a team of experienced tax professionals, the company provides tailored strategies for resolving back taxes, negotiating settlements, and achieving long-term compliance.
Need Help With Back Taxes?
Click the link below: https://clearstarttax.com/qualifytoday/ (888) 710-3533
Contact Information
Clear Start Tax Corporate Communications Department [email protected] (949) 800-4011
SOURCE: Clear Start Tax
View the original press release on ACCESS Newswire
W.Nelson--AT