As the old saying goes: When something sounds too good to be true, it probably is. Taxpayers with outstanding tax bills might be tempted by businesses who advertise and offer to help them reduce their tax debt. These businesses, often called Offer in Compromise mills, make huge claims about reducing unpaid taxes for pennies on the dollar. Unfortunately, these companies sometimes don't deliver and charge large fees.
More from the IRS Newsroom: Companies who promise to eliminate tax debt sometimes leave taxpayers high and dry | Internal Revenue Service (irs.gov)
More from the IRS Newsroom: Companies who promise to eliminate tax debt sometimes leave taxpayers high and dry | Internal Revenue Service (irs.gov)