IRS debt can be a stressful problem to handle for anyone, especially if you are struggling financially. The IRS might have a reputation for being ruthless, but the government agency is not blind to the difficult circumstances taxpayers sometimes face. For this reason, the IRS is open to providing an IRS debt relief and debt forgiveness program for those that genuinely need aid to avoid extreme hardships. One of the available IRS debt relief options is an Offer In Compromise. An OIC involves debt forgiveness, allowing taxpayers to settle their debt by paying a lesser amount than what is owed.
A Closer Look at Offer in Compromise: The IRS Debt Relief Program
