An Offer in Compromise can provide life-changing relief for taxpayers who genuinely cannot pay their full tax debt, but it's not a program that will work for (or be available to) everyone.

At just over one month into tax season, we’ve heard from many of you about issues like rejections or questions on how to handle losses from Hurricane Helene on your tax forms. 7NEWS Here to H… ...

The IRS maintained that its rejection of an offer in compromise was an exercise of its administrative discretion. Citing IRC section 7122(a), which says the Secretary of the Treasury “may compromise ...

Tax tips: From Helene losses to avoiding rejection. Posted: February 26, 2025 | Last updated: February 26, 2025. At just over one month into tax season, we've heard from many of you about issues ...