I’m glad you stressed that OIC’s usually get the big “NO” stamped on them. As I was reading your “Make A Deal” section I was hoping you’d say something to this affect.

Too many people think that OIC’s are their savior. The truth is that not many people get approve for these, and for those that do some people can’t even pay the compromised amount since the IRS wants that sum in a lump payment. This means that with OIC’s you can’t compromise the liability down and then make payments on it. You compromise 100K down to 70K and then wind up having to cough up the full 70K to give to the IRS then and there

Another thing people don’t realize is that OIC’s, when denied, extend the time the IRS has to collect on you and may also increase the aggressiveness of collections.

So my advice is to be careful! OIC’s are an attractive option but when it comes down to it, they still mean pain and money out of your pocket.