of some kind, and the often-stigmatizing term can cause something of a panic in those who are facing a hefty back-taxes bill – but something many taxpayers don’t know is that the IRS does offer a partial or even full tax forgiveness in certain cases. As with most tax-related matters, it’s important to know the specifics in order to make the most informed decision, so here are the facts and a few of the most important benefits of tax forgiveness.

If your taxes due are not all paid, then forgiven is no longer an option.

In some circumstances, either partial or full tax forgiveness is offered by the IRS in the form of an Offer in Compromise or Installment Agreement. To qualify for either of these programs, a taxpayer must be in compliance for the prior five years, which means that taxes and documents must be up to date for the previous 5 years in order for a taxpayer to qualify.

The Offer in Compromise is a settlement offer submitted to the IRS in which the taxpayer agrees to pay a lower amount of taxes owed in exchange for a settlement of the

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