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"Offer in Compromise... What is that?!?" Are you struggling to pay your tax debt? The IRS offers a solution called an 'Offer in Compromise,' and it might help you settle your tax bill for less than you owe. Hey Taxpayers, Tiffany Gonzalez CPA is back with another great installment of "What is that?!?" Where we bring you financial terms and topics you may have heard, but we make them super easy to understand. Today we are talking about the Offer in Compromise, which can be a great tool to get out of debt with the IRS. In simple terms, it's a deal between you and the IRS to pay a smaller amount if you can't afford the full balance. It’s not for everyone, but if you're facing financial hardship, it could be the lifeline you need! In this video, Tiffany will explain who qualifies for this, what you need to do to qualify and how to maintain this deal with the IRS. If approved, you could wipe out a huge portion of your debt and start fresh! Tune in and get your financial I.Q. up! Accounting to Scale is dedicated to the betterment of the community through financial education. Please leave any topics you wish to learn about or feel should be talked about in the comments below. Contact us: ☎ 305.503.2814 🖥www.accountingtoscale.com [email protected] #MiamiAccounting #Smallbusinessmiami #MiamiCPA #MiamiBookkeeper #MiamiBookkeeping #taxtips #offerincompromise #irsdebt #taxdebt #taxdebtrelief #irs #irstaxes