The Internal Revenue Service cautioned taxpayers to steer clear of promoters who claim their services are needed to handle unpaid debts, saying such businesses often charge excessive fees and often ...

Question: I have built up multiple years of tax debt and have been living in fear of liens and garnishments. Are the television ads true? Is there a way I can make a deal for a lesser amount so I can ...

Tax Tips columnist Barry Dolowich was featured in a Good Morning America segment recently about tax scams https://www.goodmorningamerica.com/news/video/irs ...

Facing overwhelming tax debt can be daunting, especially with mounting interest and penalties. However, the IRS offers several relief options, including the Offer in Compromise (OIC), which allows ...

(MENAFN- GetNews) What Taxpayers Need to Know About the Hijacking of the IRS Offer in Compromise. The IRS Offer in Compromise (OIC) program has really been made a second chance lifeline to help ...

The 2025 IRS “Dirty Dozen” scam report warns taxpayers that scammers continue to target people who are trying to settle their debts with the agency. During tax season, scammers have consistently been ...

(MENAFN- GetNews) What Taxpayers Need to Know About the Hijacking of the IRS Offer in Compromise The IRS Offer in Compromise (OIC) program has really been made a second chance lifeline to help ...

An offer in compromise is an agreement between a taxpayer and the Internal Revenue Service that settles the taxpayer's tax liabilities for less than the full amount owed. Don't get too excited - it is ...

It isn't always easy to pay off what's owed to the Internal Revenue Service (IRS), especially as interest and penalties begin to accumulate on your tax debt. The IRS penalties on unpaid tax debt can ...

Taxpayers unable to pay their income tax liability may make an offer in compromise under IRC section 7122 to settle the tax bill. Such an offer can, however, have a negative impact on other rights ...