For various reasons, I owe a substantial amount in back taxes. I’ve heard you talk about the Offer in Compromise program. How does it work, and how do I know if I am eligible to use it?Saturday, November 10th, 2007
The Offer in Compromise program has a specific purpose for a specific taxpayer. To understand how it works and why it’s used, it can be helpful to understand the history.
For years, IRS agents spent countless man hours trying to track down deadbeat taxpayers and force them to cough up what they owe. Some taxpayers avoided the IRS because they didn’t want to pay. Others avoided the tax-collecting agency