Kostelanetz News Brief: The IRS Encourages Taxpayers With An Outstanding Tax Bill To Consider An Offer in Compromise
In its October 18, 2022, Tax Tip (Tax Tip 2022-159), the IRS encourages individuals and businesses with outstanding federal tax debt to consider an Offer in Compromise (“OIC”). Through an OIC, a taxpayer may apply to enter an agreement with the IRS to settle a