During my tenure as a revenue officer at the U.S. Department of the Treasury, I was a point of contact for offers in compromise. I had the opportunity to see lots of great and not so great offers.

The Internal Revenue Service (“IRS”) recently published updated figures, reducing allowable expenses used in determining whether they will accept a taxpayer’s offer in compromise (“OIC”). If a ...

If you find yourself with an unmanageable amount of tax debt, consider applying for an IRS offer in compromise, a program that allows you to settle your debt for less than the amount you owe. These ...