What is an offer in compromise? Can someone help explain?
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Tax Professional Answers
Devon McCarthy FCCA, EA
If you have a tax debt you may be able to settle your debt for less than the full amount. This relief is available through the Offer in Compromise program offered by the IRS. You may be eligible for this program if you can't pay your full tax liability, or if payment would create a financial hardship.
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531 weeks ago