IRS Offer in Compromise–10 Questions about Settling Your IRS Tax Debt

1)   Are IRS Tax Settlements legitimate?  Why would the IRS ever agree to a reduced payment on IRS debts?   ANSWER:  Because the IRS makes money on the program!  For example, in 2012, it received over $175 million in payments from taxpayers in the Offer in Compromise Program.  Moreover, the Program encourages taxpayers to again become compliant with filing … Read More