IRS Information

Useful information from the IRS, including offers in compromise, the collection process, and taxes and bankruptcy.

• Offer in Compromise
  An Offer in Compromise (OIC) is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the full amount owed.

• The IRS Collection Process
  This publication tells you the steps the Internal Revenue Service (IRS) may take to collect your balance due account.

• Taxes and Bankruptcy
  This publication covers the federal income tax aspects of bankruptcy.