Paying off the IRS tax debt can be stressful, especially when you are going through financial hardship. Though there is no easy escape from paying off the outstanding amount owed to the government, there are certain debt relief provisions that enable liable taxpayers to pay off their taxes easily and in a lesser amount. If you are concerned about your outstanding tax debt, this post outlines five common IRS debt relief provisions. Read on. 1. Offer in Compromise (OIC) An offer in compromise is an agreement between taxpayers and the IRS that allows eligible taxpayers settle their tax debt for
5 IRS Debt Relief Provisions That Offer Solace To Financially-Distressed Taxpayers
