IRS passport reversal comparison: Installment Agreement versus Offer in Compromise, speed and cost factors.

Speeding Up Passport Reversal: Installment Agreements vs. OIC

For reversing a passport certification, an Installment Agreement is almost always faster than an Offer in Compromise. A streamlined Installment Agreement for debt under $50,000 can be approved administratively in days, which triggers the CP508R reversal once it is in place. An Offer in Compromise can settle the debt for less than the full balance,

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