Eligible taxpayers may be able to resolve tax debt through an offer in compromise

There are options available to taxpayers if they can’t pay their tax debt in full or if doing so would cause financial hardship. One of them is called an offer in compromise. Factors such as income, expenses, asset equity and ability to pay are considered when a taxpayer applies for this option.

Read the full article here:

https://www.irs.gov/newsroom/eligible-taxpayers-may-be-able-to-resolve-tax-debt-through-an-offer-in-compromise

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