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Offers in Compromise

Offers in Compromise

An OIC is an out of court agreement between a taxpayer and the IRS that resolves the taxpayer’s tax liability for less than the full amount owed. Taxing authorities can settle or compromise tax liabilities by accepting less than full payment under certain circumstances. You can pursue an OIC for any type of tax deficiency, including income tax and payroll tax deficiencies.

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Skills Used

Strategic Observation, Fieldwork, Market Research

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