When taxpayers fall behind on their IRS obligations, the balance often feels impossible to manage. Penalties and interest make the debt grow, and enforced collection can create more..
Day: September 25, 2025
Canceled Debt Offer in Compromise Taxable?
Most people know that when a lender forgives debt — such as credit card balances or a mortgage shortfall — the IRS often treats it as taxable income. ..
How Long Does an IRS OIC Take?
If you’re struggling with tax debt, an Offer in Compromise (OIC) may sound like the fastest way to get relief. But one of the most common questions people..
OIC – How Much Should I Offer?
When you owe more in back taxes than you could ever afford to pay, the IRS Offer in Compromise (OIC) program can feel like a lifeline. But one..