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What is actually The IRS Offer in Comprise ( OIC ) Also How Does It Work ? Income tax obligation is a kind of tax levied by the government on individuals , companies , and various other entities . The IRS gathers earnings tax obligation from the people of the United States and it is the responsibility of the IRS to see to it that the tax obligations are paid in a timely manner . The IRS has a system called the Offer in Compromise , which permits people that owe back taxes to leave paying them off . This is a legal arrangement between you as well as the IRS that you will agree to pay off your back tax obligations in a particular means , in exchange for some kindness . If you have actually been unable to pay your back taxes because of a clinical emergency or because of various other unpredicted circumstances , after ...

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