How Does the IRS Offer in Compromise Program Work?

If you have ever had a tax bill you couldn’t afford to pay, don’t be swayed by false ads promising “total IRS debt forgiveness.” In most cases, complete forgiveness of tax liability — except in the case of bankruptcy — is unlikely. But don’t think that you’re out of options just yet.

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IRS Criminal Investigation Issues Annual Report: 18% Gain in Prosecutions and Convictions Rose More Than 25% Compared to the Prior Year

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It was announced by the Internal Revenue Service on February 24, 2014 (IR-2014-18) that the Criminal Investigation Division (CI) has released its Annual Report for Fiscal Year 2013 (IRS-CI Fiscal Year 2013 Annual Business Report).

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Offer In Compromise Submissions To IRS Increase As Does Acceptance Rate

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The Internal Revenue Service Data Book (Publication 55B issued March, 2013) for the Fiscal Year, 2012 noted that for the fiscal year (October 1, 2011, through September 30, 2012) the number of offers submitted rose 8% from 59,000 in the fiscal year 2011 to 64,000 for the fiscal year 2012.

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The IRS Expands “Fresh Start” Program, More Options for Offer in Compromise

The Internal Revenue Service (IRS) announced another expansion of its “Fresh Start” program by offering more flexible terms to its Offer in Compromise (OIC) program designed to help financially distressed taxpayers resolve tax problems more quickly.

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