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

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.

Share this article...

HAVE A QUESTION ABOUT THIS TOPIC?

You can count on us for professional, timely and reliable tax and accounting services. If you have a question, just fill out this form and we’ll reply within 24 hours.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .
I consent to receive SMS messages and agree with the

Sign up for our newsletter

Each month, we’ll send you a roundup of our latest blog content covering the tax and accounting tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .