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A lot of people want to do an offer in compromise (OIC) but are not qualified to get one. But in fact, it is much easier to qualify for a partial pay installment agreement (PPIA) than OIC.

There are two things to consider before doing either an OIC or a PPIA. First, know your income and expenses and assets and liabilities. Second, check when your tax debt expires.

If your tax debt is expiring soon, do not go for an offer in compromise because it can extend the time for the IRS to collect.

Know your CSED, expirations dates, income and expenses and assets and liabilities before applying for an OIC.

JLD Tax Resolution Group can help you solve a complex tax problem with ease. Schedule your free consultation at 201-479-2572 or visit www.201tax.com.

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100 episodes