Tax Problems Explained
Offer in Compromise: Can You Really Settle IRS Tax Debt for Less?
15:22
Episode Summary:
In this episode of Tax Problems Explained, host LeAnn Lyon is joined by Lawrence T. Ullmann, a seasoned expert with decades of experience inside the IRS and private practice. Together, they delve into the complexities of the offer-in-compromise process, a formal IRS procedure to settle tax debt for less than what is owed. Lawrence explains the critical factors the IRS…