An Offer in Compromise allows certain taxpayers to settle their tax debt with the IRS for less than the full amount owed. To qualify, taxpayers must undergo a detailed financial review of their income ...

An IRS offer in compromise can help you settle tax debt for less than you owe, but it's difficult to qualify for.

A DIY approach to debt settlement can backfire if you don't understand the legal, financial and tax risks involved.

See how settlement fees and monthly costs compare across top-rated debt relief companies. Forbes Advisor collects consumer ...

Tax relief phone call scams are common year-round, and criminals use them to get money and commit identity theft. There is an IRS tax debt compromise option, however, that could allow you to settle ...

Each week in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter editor, answers questions on topics submitted by readers. This week, she's looking at four questions relating to how ...

U.S. household debt hit a record $18.8 trillion in 2025, according to the New York Fed, fueld by increases in mortgage, credit card and auto loan balances. Credit card debt alone reached a record ...