Are Form 843 Publications 2011-2023

One of the most sought-after resolution options for those who owe back taxes is the IRS offering compromise today I'm going to go through with you some of the eligibility requirements for the offer and discuss how the IRS goes about determining whether or not somebody qualifies for this program the first thing we want to talk about is what isn't offer and compromise an offering compromise is a program offered by the IRS that allows taxpayers to settle their tax step for less than they owe for eligible taxpayers this program can be a way to significantly reduce your tax debt and make it more affordable to pay and resolve any of your outstanding back taxes however one common misconception about the offering compromise is that people think that just because they Oh back taxes they qualify for a settlement however this is not the case not everyone qualifies for an offer and compromise there are many test circumstances and factors that go into determining whether or not a taxpayer that owes back taxes is going to be able to qualify for this program in 2023 the IRS rolled out their Fresh Start initiative through this program they expanded the offer and compromise making more taxpayers eligible and making it easier for taxpayers not only to qualify but to follow through with the payment terms of the offer and compromise so the first question that everybody wants to know is are they going to qualify for an offer and compromise there is a essentially a three-part prong test I would say for determining whether or not you're going to qualify the first thing that you're going to look at is the amount of taxes owed generally a taxpayer that owes more than $10,000 is going to qualify for this...