Tax temporary restraining order

Offer-in-Compromise Stops Collection Enforcement

By madwire / September 20, 2016

The two most practical reasons for filing an Offer-in-Compromise (OIC) with IRS are: To prevent further IRS collections from occurring (i.e. wage garnishments, bank accounts, seizures) To limit the amount of out-of-pocket expense to satisfy the tax debt. See, everyone knows that you can make an offer to IRS to pay a lesser amount. But…

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