But while the IRS has a reputation for being relentless when it comes to collecting unpaid taxes, the tax agency understands that not everyone has the means to pay off their full tax bill. That's ...

The IRS’s announcement that it will raise interest rates on underpayment and overpayment of income taxes means millions of Americans will face yet another cost increase in a year of historic inflation ...

Question: I have built up multiple years of tax debt and have been living in fear of liens and garnishments. Are the television ads true? Is there a way I can make a deal for a lesser amount so I can ...

The Offer in Compromise (OIC) is a program by the IRS that allows individuals or businesses to settle their tax debt by paying less than the full amount owed. The IRS typically approves an OIC when ...

(MENAFN- GetNews) What Taxpayers Need to Know About the Hijacking of the IRS Offer in Compromise The IRS Offer in Compromise (OIC) program has really been made a second chance lifeline to help ...

(MENAFN- GetNews) What Taxpayers Need to Know About the Hijacking of the IRS Offer in Compromise. The IRS Offer in Compromise (OIC) program has really been made a second chance lifeline to help ...

Taxpayers unable to pay their income tax liability may make an offer in compromise under IRC section 7122 to settle the tax bill. Such an offer can, however, have a negative impact on other rights ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

The courts reviewed the position that taxpayers who are in bankruptcy and cannot afford to pay their tax bill can use the offer-in-compromise procedure to reduce the amount of the bill. Charles ...

Tax season might be behind us, but for millions of Americans, the stress of unpaid tax bills still lingers. But whether it's due to an issue with unexpected income, a missed payment to the Internal ...