The IRS had pledged to be more flexible with taxpayers this year by easing standards or rules on various tax settlements including an Offer In Compromise. The IRS will be offering guidance online, and through IRS office on Saturdays as well to help cash-strapped taxpayers and the unemployed.

When you can’t pay your taxes on time or in full you have various options available to you. This year, more than ever, taxpayers are receiving tax bills that they are unable to pay. The IRS is well aware that there are situations that arise that will make it difficult for everyone to comply with [...]

Understand what an offer in compromise is, how it works and when the IRS will consider a taxpayer for this type of IRS settlement