Posts Tagged ‘what is an offer in compromise program’

Offer in Compromise-Know What it Means

Tuesday, October 18th, 2011

I wrote an article called How to Get Tax Relief through the IRS Offer in Compromise Program. The topics covered in the article covered the most frequently asked questions I often get in my practice:
-Who can file an Offer In Compromise?
-What are the requirements for an Offer in Compromise?
-Can penalties and interest be compromised under an Offer in Compromise?
-How likely is it that the IRS will accept an Offer in
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What is the Offer in Compromise program and would I qualify for it?

Monday, January 7th, 2008

Question: I’ve heard a lot of inconsistent information, so give it to me straight, please: What is the Offer in Compromise program and would I qualify for it?
Answer:  To answer your question, let me first give some background: For decades agents with the Internal Revenue Service chased deadbeat taxpayers, literally banging on doors to try to collect revenue for the U.S. government. In some cases, that hard-line tactic worked, but
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