IRS Tax Settlement Services Maryland

Offer in Compromise (OIC)

The comptroller of Maryland’s offer in compromise program is meant to help taxpayers from the state of Maryland to settle any tax debt at a lower amount than the original tax debt amount. This offer in compromise is an application that the taxpayer will have to properly submit and ensure to provide a legit reason to be accepted for the offer in compromise.

Can anyone apply for an Offer in a Compromise Program?

Yes, anyone who is experiencing financial hardship. However, you will have to meet the following requirements:

• Your tax debt is adding up and you have not been able to pay.
• You can’t submit an OIC form if you have a current appeal being worked on.
• Owe the tax debt for at least two years.
• You must be current on all tax returns to be filed to the Comptroller’s Office.
• You can’t make tax debt payments, due to your financial hardship.

What is the process to apply for an Offer in Compromise?

For individual taxpayers, submitting the 656 and 433-A applications are a must. In a nutshell, here are all of the steps we follow: determine the eligibility of the taxpayer, if eligible we fill out the necessary documents such as the 656 and 433-A form.

Before submitting the documents, the taxpayer will need to propose a payment option that best fits the current financial situation.

For additional guidance, please reach click the link below to get your application started.

Frequently asked Questions?

What qualifies you for an Offer in Compromise?

To qualify for the OIC offered by the state of Maryland you must meet the following requirements: Your tax debt is adding up and you have not been able to pay, You can’t submit an OIC form if you have a current appeal being worked on, Owe the tax debt for at least two years, you must be current on all tax returns to be filed to the Comptroller’s Office and lastly you can’t make tax debt payments, due to your financial hardship.

What type of taxes are included in a Maryland OIC program application?

The type of taxes included are the following: Admissions and Amusement Tax, Income Tax, Sales and Use Tax, and Withholding Tax.