Tax season is over, and it’s quite possible you now owe Uncle Sam more than you can pay—perhaps for tax year 2016, prior tax years, or a combination of both.

Like any other creditor, the IRS will sometimes settle your debts for less than you owe, also known as an offer in compromise.

We’ll tell you when you might qualify for this relief, how to determine an appropriate settlement amount, and how to maintain your deal with the IRS once accepted. ... Log in to view full article.