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

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

Tax education articles and IRS representation advice for individuals and small businesses
August 18, 2025•3 min read

Do you wake up worried that the IRS will empty your bank account, garnish your paycheck, or even show up at your door? Imagine reclaiming your peace of mind and putting your IRS problem in the hands of a calm, unstoppable expert Steve Perry, EA. Stop feeling powerless. Call (678) 717-9818, email [email protected], or message Steve directly on LinkedIn (www.linkedin.com/in/steveperrybtm) for your confidential tax resolution call now.

The Two Most Powerful IRS Settlement Tools Explained

When back taxes have you cornered, you need more than hope. You need strategy. Navigating IRS settlements is high stakes choose wrong, and you risk losing everything you’ve worked for. Steve Perry, EA, has seen it all. For decades, Steve has saved clients from crushing tax debts with two main IRS programs: the Installment Agreement (IA) and Offer in Compromise (OIC). Each comes with unique advantages and severe consequences if mishandled.

What’s an IRS Installment Agreement?

Think of an Installment Agreement as a payment plan with the IRS. If you can’t pay your full tax debt at once, this arrangement lets you chip away at it monthly.

Pros:

  • Stops harassing collection actions and levies when in good standing

  • Usually grants protection from wage garnishment and seizures

  • Keeps you in the IRS’s “good graces” with affordable payments

Cons:

  • Penalties and interest continue to accrue until the balance is paid

  • You must stay compliant with new tax filings and payments

  • Missing a single payment or new tax deadline triggers immediate default.  Suddenly you’re exposed to the full force of IRS collection again

Need help understanding which path is safest? Contact Steve Perry, EA today for urgent IRS help.

What is an Offer in Compromise (OIC)? Can You Really Pay Pennies on the Dollar?

An OIC is the IRS’s rare “fresh start” option: settle what you owe for less than the full amount sometimes much less if you meet strict requirements.

Pros:

  • Settle your tax debt for far less than you owe if you qualify

  • Receive a true “clean slate” when finalized

  • Stops all collections (levies, garnishments) during negotiation

Cons:

  • IRS only approves if you prove inability to ever pay in full

  • Highly detailed financial analysis required errors mean instant rejection

  • If you default on the OIC terms (miss even one payment or tax filing), the IRS reinstates the original larger balance with penalties and interest.

  • Stops the run of the Statute of Limitation potentially making the taxpayer for the same debt two or more years into the future.

Do not gamble with your financial future by applying alone. Unrepresented taxpayers often face denial, delays, or lose precious assets. Steve Perry, EA, brings calm, proven negotiation to even the harshest IRS scenarios and can often get cases reopened after a default.

The Real Consequences of Breaking Your Agreement

Falling behind on your Installment Agreement or OIC is not just a paperwork problem. The IRS immediately reactivates aggressive collections levies, garnishments, asset seizures, and even passport restrictions. Interest keeps growing. Your account is flagged for enforcement. Hope for a fresh start evaporates.

Steve Perry knows the IRS’s every move and acts fast to restore protection, reverse enforcement actions, and negotiate renewed agreements even after a default. He’s the guy who calmly fights and wins when other reps simply give up.

Don’t wait until panic hits. Message Steve directly ([email protected]), call (678) 717-9818, or reach out on LinkedIn: www.linkedin.com/in/steveperrybtm.

Steve Perry, EA Tax Relief, Fought and Won

When you hire Steve, you get decades of IRS negotiation expertise, an Enrolled Agent who refuses to let the IRS bully you, and a discreet advisor who makes the process as easy as possible.

Choose calm, proven representation. Choose Steve Perry.

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Steve Perry is a seasoned tax expert and Enrolled Agent licensed by the Department of the Treasury to represent taxpayers before the IRS. As the founder of Books, Taxes & More, LLC, Steve brings a no-nonsense, veteran-led approach to solving complex tax issues. With a background in military leadership, accounting, and financial services, he is fiercely committed to defending clients against aggressive IRS tactics and helping them preserve more of their hard-earned money. Whether it’s tax representation, planning, or preparation—Steve speaks IRS so you don’t have to.

Steve Perry

Steve Perry is a seasoned tax expert and Enrolled Agent licensed by the Department of the Treasury to represent taxpayers before the IRS. As the founder of Books, Taxes & More, LLC, Steve brings a no-nonsense, veteran-led approach to solving complex tax issues. With a background in military leadership, accounting, and financial services, he is fiercely committed to defending clients against aggressive IRS tactics and helping them preserve more of their hard-earned money. Whether it’s tax representation, planning, or preparation—Steve speaks IRS so you don’t have to.

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