“We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential…” The IRS Code states.
Sometimes, the taxes you owe, plus all fines and interest, can be absolutely and wholly withdrawn at a considerable discount. Especially if your offer is “right.” there is no preset bottom limit that the IRS will agree to settle your debt.
You can pay your debt for just 5-15 percent of what you owe if done correctly. The key is to decide the minimum amount you will receive from the IRS before making the bid.