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Can You Settle IRS Tax Debt With an Offer in Compromise?
If you owe the IRS and have seen advertisements promising to “settle your tax debt for pennies on the dollar,” you may be wondering whether an Offer in Compromise is actually real. The answer is yes! The IRS does have a program that allows some taxpayers to settle IRS debt for less than the full amount owed. However, qualifying for an Offer in Compromise is not as simple as many people believe. The IRS carefully reviews a taxpayer’s financial situation before approving any se

Theresa Speights
May 214 min read
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