Tax Court Rejects Proposed Offer in Compromise to Settle Possible Federal Tax Lien Suddenly receiving a surprise tax bill in the mail is not something anyone looks forward to. However, taxpayers who face financial difficulties paying their back taxes may be able to settle the total amount due for less…
The new Offer In Compromise (OIC) program offers exciting opportunities for Taxpayers in distress that did not exist under the old OIC regime. On May 21, 2012 the Internal Revenue Service (IRS) announced that it is expanding its Fresh Start program to include more favorable terms for the OIC program. …