Advertisements about “settling your tax debt for pennies on the dollar” typically refer to the process of applying for an IRS offer in compromise, which is an IRS program designed to help people pay at least some of their tax debt. But statistically, the odds of getting an IRS offer in compromise are pretty low….

Tina Orem writes for NerdWallet. Email: torem@nerdwallet.com.

The article IRS Offer in Compromise: Basics and Who Qualifies originally appeared on NerdWallet.

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