3 types of irs offer in compromise and settlement your tax debt

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3 Types of IRS Offer in Compromise

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Post on 11-Mar-2016

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The Offer-in-Compromise (OIC) program is the only way you can settle your tax debt for less than what you owe. Filing an offer in compromise is one of the five ways to get out of tax debt.

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3 Types of IRS Offer in Compromise

3 Types of IRS Offers

• Doubt as to collectability

• Doubt as To Liability

• Effective Tax Administration

Doubt as to Collectability

• The taxpayer has tax debt and an inability to pay

Doubt as to Liability

• Legitimate doubt exists as to whether the tax payer actually owes the tax debt.

Effective Tax Administration!

• The taxpayer has tax debt and possible ability to pay. But to do so would cause extreme financial distress.

• This PPT is brought to you by

• www.longislandtaxresolution.com

• Talk to us at 631-244-1650