This week’s interview on Financial Insider Weekly is with William Mitchell, CPA. Our interview subject is "I don't agree with my IRS audit report. What should I do?"
Can your unpaid federal tax bill be reduced or cancelled?
Yes, there is some truth to those commercials you have seen on television. In some cases the IRS can reduce or cancel an unpaid federal tax bill. The name of the procedure for this reduction is an offer in compromise.