Hidden Tax Breaks Only Offer In Compromise Reveals

Hidden Tax Breaks Revealed

The OIC process can reveal several hidden tax breaks that many taxpayers are unaware of. These breaks can include reductions in penalties, interest, and even the principal tax amount owed. By negotiating with the IRS, you might uncover opportunities to lower your tax obligations significantly. This process requires a thorough evaluation of your financial situation, including income, expenses, asset equity, and overall ability to pay.