The Government Accountability Office says that the performance of the Internal Revenue Service's Offers in Compromise program has been mixed, and suggests that a combination of better management information and simplification could improve it.
The OIC program allows taxpayers who are unable to pay their full tax liability to offer a compromise to the agency -- paying what they can afford and asking the IRS to write off the rest of the amount as a liability. In 2005, the IRS accepted more than 14,000 offers.
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