Introduction to Offers in Compromise

2 IRS CE/CTEC/NASBA CPE*

The IRS accepted thousands of Offers last year—settling millions in debt. Learn who qualifies, the three offer types, and how the math works.

The Offer in Compromise program under IRC §7122 allows qualifying taxpayers to settle federal tax liabilities for less than the full amount owed—sometimes dramatically less—yet most practitioners lack the foundational knowledge to identify eligible candidates or avoid costly application mistakes.
This introductory course covers the three OIC types (Doubt as to Collectability, Doubt as to Liability, and Effective Tax Administration), the Reasonable Collection Potential formula that drives every acceptance decision, basic eligibility screening criteria, and an overview of the Form 656 application process including fee structures and payment options.

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*Self-Study recording not available for NASBA CPE credit.

IRS Program #: 7Q3WU-T-00906-26
CTEC Course #: 6248-CE-00253