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by Answerbag Staff on March 16th, 2010

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Can the IRS trade taxes owed in a contractual agreement?

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  • by Carter McBride on March 16th, 2010

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    A taxpayer can file an offer in compromise, which is a contract with the IRS. This allows the taxpayer to pay less in taxes than originally computed in exchange for clearing up any doubts in collectibility, liability or to promote more efficient tax collection.

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    IRS: What is an Offer in Compromise

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