An offer in compromise is initiated by
A)The Tax Court
B)A Revenue agent
C)The taxpayer
D)IRS General Council

Name: An offer in compromise is initiated by A)The Tax Court B)A Revenue agent C)The taxpayer D)IRS General Council
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Question

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An offer in compromise is initiated by the taxpayer as a proposal to settle a tax debt for less than the full amount owed. This is an option for taxpayers who cannot pay their full tax liability, or doing so creates financial hardship.

An Offer in Compromise Is Initiated by