OIC: A Great Way Settle Federal & State Tax Debt


OIC: A Great Way Settle Federal & State Tax Debt

Oct, 7th 2016

An IRS Offer in Compromise may be a great way for you settle your tax debt with the IRS and some states like New York also have Offer in Compromise (OIC) programs that will permit you to settle your state tax debt.

The bad news is that, a large percentage of the “Offers" submitted to the IRS or the State for consideration are rejected for a number of reasons.

Let’s face it, neither the Internal Revenue Service nor your State is not going to make it easy for you to wipe away a large percentage of your tax debt, along with penalties and interest.

Here are eight strategies and suggestions to save you frustration and money during the process of getting your IRS Offer in Compromise accepted:

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