Did you know that you may be able to settle your debt with the Internal Revenue Service for a lesser amount with their Offer in Compromise program? The program allows taxpayers to settle with the Internal Revenue Service on tax debt should they qualify.
The IRS Code states: "We will accept an Offer in Compromise when it is unlikely that we can collect the full amount owed and the amount you offer reasonably reflects the collection potential..." (Internal Revenue Code section 7122).
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