IRS Collection Financial Standards Update Yearly
Jan 30, 2018 by
The IRS uses the Collection Financial Standards to help calculate your ability to pay a back-tax liability.These limits on monthly living expenses play a significant role in your ability to qualify for the Offer in Compromise settlement program and your Offer amount. The Standards are revised each year around the end of March.
Quick IRS Offer in Compromise Tip
If you’re preparing your OIC for su...
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