You acquire acceptable heard belief about bodies clearing their tax debts for far beneath than they owe. Is the Ineternal Revenue Service absolutely in the business of wheeling and ambidextrous with taxpayers? The acknowledgment is, of course, no, and as in all tax matters, no one should anytime access a tax botheration with a mindset of artfulness the U.S. Treasury. Back individuals and businesses ability an acceding with the IRS to achieve a tax debt for a bargain amount, they do so by afterward a absolute specific action alleged an action in compromise.
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An OIC is an action from the aborigine to the IRS, not the added way around. Upon reviewing a taxpayer’s application, the IRS will about booty one of four actions:
Note that accepting a adverse action from the IRS is NOT one of the accessible outcomes of the appliance process. An OIC is not a commencement to haggling; however, the IRS will acquire
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