My colleague Steve Klitzner posted in his newsletter The Truth About Offers In Compromise where he discusses the realities regarding Offers In Compromise. He goes on to state "In the real world, people and businesses settle for less all the time. So when they come to Steve with a tax problem, they want to know if they can make a deal with the IRS. Who would turn down $90,000 to resolve a $100,000 debt? The IRS, that’s who."