This video explains how Land Rich, Money Poor taxpayers may be successful in IRS Offer in Compromise negotiations. Land Rich, Money Poor taxpayers may draw upon (rightfully) the shared experience of COVID-19 to support arguments for lower property valuations for Offer in Compromise purposes. An offer in compromise (OIC) is an agreement between a taxpayer and the IRS that settles a taxpayer’s tax debt for less than the full amount owed. In a time like this, equity in property should not stand in your way of settling your tax debt. Let me explain how everyone can relate to the hardships of COVID-19 — even IRS Offer in Compromise Examiners.