IRS resources help taxpayers determine if an offer in compromise is the right way to resolve tax debt

Individual taxpayers and business owners can use the IRS’s Offer in Compromise Booklet or the new how-to video series to learn how an offer in compromise works and decide if it could help them resolve their tax debt. Taxpayer’s can use pre-qualifier tool see if they are eligible for an offer in compromise. An offer in compromise is an agreement between a taxpayer…

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IRS, Security Summit partners remind families to make online safety a priority during National Cybersecurity Month

WASHINGTON – The Internal Revenue Service today reminded families, teens and senior citizens about the continued importance of protecting personal and financial information (.pdf) online. Although the IRS and its Security Summit partners continue making strides in fighting identity theft and fraudulent tax returns, help is needed. The Security Summit works to protect taxpayers from criminals that file fraudulent returns for…

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Document Valuables

In this day and age where everyone has multiple electronic devices, just to start with, it is important to have a list of all valuables in your home. Documenting valuables by taking pictures or videoing them before a disaster strikes makes it easier to claim insurance and tax benefits, if necessary. IRS.gov has a disaster loss…

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