Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
• The IRS’ Offer in Compromise program is the only mechanism by which the IRS will agree to take less than what the taxpayer owes to resolve outstanding tax liabilities. Specifically, Congress authorized the IRS, via I.R.C. §7122, to compromise outstanding tax liabilities of individual and business taxpayers.
