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The Internal Revenue Service offers offers a service to certain taxpayers who owe back taxes that allows them to settle
outstanding tax liabilites for less than the full amount owed. This process is call Offer In Compromise.
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WILLIAM J. HARTNAGEL, ESQ. INCOME TAX RELIEF ATTORNEY
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The most important part of the offer in compromise process is the completion of certain financial affidavits. These
affidavits outline your current income and expenditures as well as your total assets and debts. Based upon the
above, you may be able to prove to the Internal Revenue an inability to pay your taxes due to fiancial hardship.
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Additionally
In certain instances, the underlying tax may not be due or it mayhave been calculated by means of incorrect data.
Often an examination of the underlying proposed deficiency by the Internal Revenue Service may help reduce tax due immediately.
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