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How the IRS 'Offer in Compromise' program works to reduce your tax debt
The IRS 'Offer in Compromise' (OIC) program offers taxpayers a chance to settle their tax debts for less than the full amount owed. This initiative is designed for those who cannot pay their tax ...
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How to qualify for IRS tax forgiveness, according to experts
The IRS can also levy bank accounts ... Applying for it involves these steps: Submit Form 433-A (OIC) with complete details about your assets, income, expenses and liabilities Include Form ...
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How to get an IRS discount on your taxes
The IRS acknowledges that financial hardships ... This involves completing Form 433-A for individuals or Form 433-B for businesses, along with all required documentation. Additionally, you ...