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We keep you up-to-date on the latest tax changes and news in the industry.

Video Tips: Taxpayers with an outstanding tax bill should consider an Offer in Compromise

An Offer in Compromise can be an effective way for individuals and businesses to settle a federal tax debt. This federal program allows taxpayers to enter into an agreement, with the IRS, that settles a tax debt for less than the full amount owed. Sometimes taxpayers can settle for significantly less, especially if they have low income and few assets.

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