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What does the Board of Equalization (Board) consider a fair Offer in Compromise (OIC) in relation to the amount due?

April 26, 2017compromise equalization fair Offer OIC relation

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What does the Board of Equalization (Board) consider a fair Offer in Compromise (OIC) in relation to the amount due?

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Generally, an OIC will be accepted when the amount offered is more than the Board can expect to collect within a reasonable period of time, typically from five to seven years.