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Tag: offers-in-compromise

How a “Gift Letter” (Contemporaneous Written Acknowledgment or CWA) Failed the Strict Substantiation Requirements in the Tax Code May 15, 2026 – This week, the Tax…

May 11, 2026 – The IRS can reduce taxes, interest, and penalties (civil or criminal) through an offer-in-compromise (i.e., an β€œOIC”). An OIC is an offer…