So a colleague told me about the Offer in Compromise program. Why would the IRS be willing to allow taxpayers to settle for less than they owe, and how do I determine if I’m eligible for the program?Monday, September 10th, 2007
The answer to your first question is simple: After spending years chasing deadbeat taxpayers, going door to door, office to office, city to city, the IRS realized that the hard-knuckled approach isn’t always the most effective.
Another effective solution, the IRS discovered, includes compromise and negotiation. With the Offer in Compromise program, the IRS can bring people with tax debt to the table and negotiate a payment amount that