Global Forensic CPA providing Complex Tax, Forensic Accounting and Financial Institution Compliance/Corporate Governance services
Offer In Compromise: Opportunity To Solve Tax Debt IRS issued Tax Tip 2024-37, April 24, 2024, to inform taxpayers that can’t pay their full tax debt or if paying would cause financial hardship, that they should consider applying for an offer in compromise which is a program that could provide an opportunity to eligible taxpayers to solve their tax debt with the IRS by settling for less than the full amount owed. The taxpayer must make an offer based on what the IRS considers the taxpayer’s ability to pay and submitting an application does not ensure that the IRS will accept the taxpayer’s offer. Read the full article here: https://lnkd.in/euxCVu7y #foodmanCPAandadvisors #taxseason #amendtaxreturn #taxdebt #taxreturns