Video Tips: Taxpayers with an outstanding tax bill should consider an Offer in Compromise

Published November 14, 2022

An Offer in Compromise can be an effective way for individuals and businesses to settle a federal tax debt. This federal program allows taxpayers to enter into an agreement, with the IRS, that settles a tax debt for less than the full amount owed. Sometimes taxpayers can settle for significantly less, especially if they have low income and few assets.

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