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2. Trusting tax-scam companies to 'negotiate' with the IRS can ...

   www.aol.com/trusting-tax-scam-companies...

   “An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a ...

3. Offer in compromise - Wikipedia

   en.wikipedia.org/wiki/Offer_in_compromise

   The Offer in Compromise (OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122, which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear the debt. A taxpayer uses the checklist in the Form 656, OIC package to determine if ...

4. Tax debt relief: How to resolve your debt with the IRS

   www.aol.com/finance/tax-debt-relief-resolve-debt...

   Form 656 (Offer in Compromise) and any additional documentation required per the instructions. A $205 application fee can be waived if your request is based on Doubt as to Liability or if you ...

5. Can’t Pay Your Tax Bill? The IRS Can Reduce Your Debt ... - AOL

   www.aol.com/finance/t-pay-tax-bill-irs-211526688...

   An offer in compromise (OIC) is an agreement between the taxpayer and the IRS that settles a tax debt for less than the full amount owed. The program allows you, if you cannot feasibly pay the sum ...

6. Tax levy - Wikipedia

   en.wikipedia.org/wiki/Tax_levy

   Under federal tax regulations, "[t]he IRS will not levy against the property or rights to property of a taxpayer who submits an offer to compromise, to collect the liability that is the subject of the offer, during the period the offer is pending, for 30 days immediately following the rejection of the offer, and for any period when a timely ...

7. Internal Revenue Service Restructuring and Reform Act of 1998

   en.wikipedia.org/wiki/Internal_Revenue_Service...

   Of these, 311 were due to employees' failure to file a federal tax return or understatement of their tax liability, and would not have affected taxpayers. [ 7 ] Stephen A. Whitlock implemented the Service's plan for mitigation of penalty under Section 1203 of the Restructuring and Reform Act of 1998 and set up the processes and procedures for ...