Tax Relief Blog


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The Offer in Compromise is considered the Holy Grail of Tax Relief.  The IRS settles a back-tax debt for less than the total amount owed.  How much less?  Well, that depends on your specific set of circumstances.  Each Offer in Compromise is different, depending on the taxpayer.

One thing that’s consistent about all OICs is the list of prerequisites.
   

Tax Compliance Top Priority


Make compliance your first step.  You’ve got to be in current tax compliance before submitting your OIC settlement ...
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Sometimes carrying the weight of an IRS tax debt can lead to a lonely place.  But, don’t beat yourself up too much.  There are ways to fix the problem.  You’re not a bad person because you owe taxes.  And, you’re not alone, that’s for sure.

The IRS recently released some statistics from their collection of delinquent tax liabilities.In 2016 the IRS added 7,652,000 new tax delinquent accounts for a total of more than $14 million unresolved accounts by the end of the year.  All that adds up to m...
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