The IRS has an offer in compromise (OIC) program that allows certain people with tax debt to reduce the amount they owe. In some cases, it reduces the amount by more than half. But the eligibility ...

When people talk about settling with the IRS, they’re usually referring to the Offer in Compromise program — a legitimate, federally administered path that allows qualifying taxpayers to resolve their ...

Tax season might be behind us, but for millions of Americans, the stress of unpaid tax bills still lingers. But whether it's due to an issue with unexpected income, a missed payment to the Internal ...

Forbes contributors publish independent expert analyses and insights. I strive to alleviate stress by analyzing and clarifying the tax code. If you owe a significant sum to the IRS, it’s crucial to be ...