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Offer in Compromise

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Offers in Compromise
http://public.findlaw.com/taxation/nolo/ency/6F552
Source: Findlaw

General information regarding the Offer in Compromise (OIC). Through an OIC, a taxpayer may have the amount of tax liability owed to the IRS reduced. A formal process must be followed in preparing the OIC and it is entirely within the government's discretion whether to accept an OIC.
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