The Complexity of an OIC (Don’t Try This at Home)


Let’s face it. The IRS wants to collect its tax debt. And if you owe a large sum, they especially want to bring that money in. Sure, they aren’t paid on commission, but this is their job, and, probably like all of us, they are held to certain marks and standards. With that being said, a settlement with the IRS (also called an Offer in Compromise) isn’t impossible (it’s just not exactly easy, either).

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Iggy Azalea Owes $400,000 to the IRS. See 3 Possible Tax Debt Penalties She Could Be Facing

tax debt penalties Lately there’s been a lot of attention on Iggy Azalea and her terrifying $400,000 tax debt. And let’s face it, the IRS is probably one of the scariest entities to be indebted to. Other than a looming tax bill, what other consequences could Iggy (or someone like her) face?
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