IRS Installment Agreement vs. Offer in Compromise: Steve Perry’s Proven Path for Tax Relief

Steve Perry

Published on: 18/08/2025

Comparing an IRS Installment Agreement to an Offer in Compromise is one of the most important decisions you can make when facing tax debt. An Installment Agreement lets you pay what you owe in smaller monthly amounts, keeping the IRS at bay as long as you comply. But missing a payment or filing late instantly puts you back in IRS collections, facing garnishments, levies, and penalties. An Offer in Compromise can settle your debt for less, sometimes much less, but qualification is strict and any misstep after approval can restore your full balance with interest. The stakes are high and the consequences of default are severe. Steve Perry, EA, brings calm expertise, strategic planning, and proven results to protect clients from IRS enforcement and negotiate the best possible outcome. Call (678) 717-9818, email [email protected], or connect with him on LinkedIn: www.linkedin.com/in/steveperrybtm.

Tax education articles and IRS representation advice for individuals and small businesses

Navigating IRS Offer in Compromise for Tax Relief

Steve Perry

Published on: 08/07/2025

- The IRS Offer in Compromise (OIC) allows taxpayers overwhelmed by tax debt to settle for less than owed based on their financial hardship. - Acceptance depends on the IRS’s evaluation of income, expenses, assets, and reasonable collection potential. - Not all taxpayers qualify; professional assessment by experts like Enrolled Agent (EA) Steve Perry prevents wasted applications and delays. - Preparing an OIC requires precise completion of Form 656 and Form 433-A(OIC) with accurate financial disclosure to avoid rejection or delay. - Experienced representation helps negotiate with the IRS, respond to counteroffers, and handle appeals if necessary. - Common taxpayer errors include miscalculating payment ability, improper asset accounting, and failing tax compliance; professional guidance addresses these issues. - Steve Perry, EA from Books, Taxes & More provides expertise in navigating the complex OIC process, improving chances of a successful tax debt settlement.

Tax education articles and IRS representation advice for individuals and small businesses