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2. Owe the IRS Taxes? Here are 5 Steps to Resolving that Debt ...

   www.aol.com/owe-irs-taxes-5-steps-155700648.html

   Offer in Compromise (OIC) ... To help determine if you meet the criteria, the IRS offers an online OIC Pre-Qualifier Tool. This tool can give you an initial idea of whether you might qualify for ...

3. Tax debt relief: How to resolve your debt with the IRS

   www.aol.com/finance/tax-debt-relief-resolve-debt...

   Offer in Compromise request. ... Or you can use the OIC pre-qualifier tool to determine your eligibility for a settlement. ... The IRS may also require you to submit a Collection Information ...

4. Trusting tax-scam companies to 'negotiate' with the IRS can ...

   www.aol.com/trusting-tax-scam-companies...

   IRS puts offer in compromise mills on its list of "Dirty Dozen" tax scams. ... The process starts with the OIC Qualifier Tool. The application fee is $205, but that’s considerably cheaper than a ...

5. Offer in compromise - Wikipedia

   en.wikipedia.org/wiki/Offer_in_compromise

   The Offer in Compromise (OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122, which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear the debt. A taxpayer uses the checklist in the Form 656, OIC package to determine if ...

6. Tax Increase Prevention and Reconciliation Act of 2005

   en.wikipedia.org/wiki/Tax_Increase_Prevention...

   The provision requires that a taxpayer make a good faith down payment of 20 percent of any lump sum offer-in-compromise with any application for an offer. For periodic payment offers, the taxpayer is required to comply with their own payment schedule while the offer is being considered.

7. Can’t Pay Your Tax Bill? The IRS Can Reduce Your Debt ... - AOL

   www.aol.com/finance/t-pay-tax-bill-irs-132724673...

   An offer in compromise (OIC) is an agreement between the taxpayer and the IRS that settles a tax debt for less than the full amount owed. The program allows you, if you cannot feasibly pay the sum ...

8. Pre-qualification - Wikipedia

   en.wikipedia.org/wiki/Pre-qualification

   In a mortgage context, pre-qualification denotes a process that has not yet been underwritten by the lending institution. Typically, subprime lenders will allow 50% DTI. . Common monthly debts used for calculating DTI are mortgage (or new mortgage payment), auto payment(s), minimum credit card payment(s), student loans, and any other common monthly or revolving debt that is on the applicant's ...

9. Back Taxes: Is an IRS Offer in Compromise a Good Idea ... - AOL

   www.aol.com/back-taxes-irs-offer-compromise...

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