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What is an offer in compromise with my taxes? Which one do I use?
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Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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An offer-in-compromise a statutory arrangement with the IRS where they agree to accept an amount less than the full amount due to settle your back taxes. This is not a negotiation, the rules of OIC are rigid and the IRS has no power to deviate from the rules.
Answered on Jul 15th, 2015 at 1:08 AM