Blog

We keep you up to date on the latest tax changes and news in the industry.

Video Tips: Tax Debt Relief with an Offer-in-Compromise

Our U.S. tax system is built on the premise that all taxpayers are expected to report their tax liabilities accurately and pay them on time. However, the Internal Revenue Code (§7122) gives the IRS the authority to “compromise” (i.e., settle based on a taxpayer’s adverse economic circumstances) a tax liability for less than its stated amount.

Share this article...

Sign up for our newsletter.

Each month, we will send you a roundup of our latest blog content covering the tax and bookkeeping tips & insights you need to know.

I confirm this is a service inquiry and not an advertising message or solicitation. By clicking “Submit”, I acknowledge and agree to the creation of an account and to the and .

We care about the protection of your data.

JH Group CPA Smart Bot Thank you for visiting JhgroupCPA. How can I help you?
Welcome to JH Group CPA! How can we assist you today? Choose a topic below or ask us anything about accounting, taxes, or our services. Need to contact us? Select Ask me a question. We're here to help!
Please fill out the form and our team will get back to you shortly The form was sent successfully