Tag: What is Offer in Compromise

What is Offer in Compromise? (OIC)

There may be times when you’re unable to pay your taxes in full. But don’t be fearful if you find yourself in this situation. If the IRS imposes a Notice of Tax Levy (seizing of your assets) against you, there are various methods available to you to prevent the seizure of your assets. An offer in compromise (OIC) is an arrangement between the IRS and...

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