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What is the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA)?

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What is the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA)?

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The Tax Increase Prevention and Reconciliation Act of 2005 was signed into law on May 17, 2006. Section 509 of this law creates significant changes to the IRS Offer in Compromise (OIC) program by amending IRC 7122.

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