The Fresh Start program started in 2011; however, the IRS is making changes to the program.
To qualify for an OIC, the taxpayer must have filed all tax returns, made all required estimated tax payments for the current year, and made all required federal tax deposits for the current quarter if the taxpayer is a business owner with employees. TurboTax Video: IRS Definition of Wage Earner Offer in Compromise
"The IRS recognizes that many taxpayers are still struggling to pay their bills, so they have put in place common-sense changes to the OIC program that more closely reflect real-world situations. This expansion focuses on the financial analysis used to determine which taxpayers qualify for an OIC. These changes also enable some to resolve their tax problems in as little as two years compared to four or five years in the past." The IRS Fresh Start program can help you pay your taxes.
Information about the OIC program, including applicant qualifications, how to apply and steps to complete the application process, Form 656-B, Offer in Compromise Booklet, Offer in Compromise, is available on IRS.gov.
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