FJ-Associates-IndividualTax Banner

Tax Education Home Page

The education you can't find anywhere else

Stay up to date on the latest finance & tax changes 

Avoiding surprises as a business owner is crucial to ensure you have a successful business. The same goes for managing your personal finances. By subscribing to our blog and newsletter you get the latest updates on the world of finance and taxes. Additionally, by visiting our main topic categories below you can educate yourself on the various topics regarding tax education, personal finance, and business ownership. 

Why you should subscribe

  • Simple clear articles on relevant topics
  • How to improve your business
  • Dispelling financial myths
  • Important updates & tax deadlines

Settling Tax Debt With an IRS Offer in Compromise

Posted by Taylor Bennett on Sep 19, 2019 8:13:00 AM

An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer's tax liabilities for less than the full amount owed. That's the good news. The bad news is that not everyone is eligible to use this option to settle tax debt. In fact, nearly 60 percent of taxpayer requested offers in compromise were rejected by the IRS. If you owe money to the IRS and are wondering if an IRS offer in compromise is the answer, here's what you need to know.

Read More

Topics: Tax Debt, Business Ownership, Personal Finance, Taxes