The big news out of Washington this week is that the Internal Revenue Service is clamping down on the deluge of taxpayer requests to reduce their delinquent tax bills by forcing them to pay for the privilege of receiving an offer in compromise.
Starting this November, the IRS will charge a $150 application fee for the processing of offers in compromise. The IRS expects that this fee will help offset the cost of providing this service, as well as reduce frivolous claims.
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