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A settlement allows a taxpayer to resolve their tax debt for less than the amount owed; but be cautious.

A tax settlement sounds like a straightforward solution, however there are many different types of settlements for the IRS and different State taxing authorities.

Tax Settlement Types:

  • Currently Not Collectible (CNC)
  • Offer In Compromise (OIC)
  • Installment Agreement (IA)
  • Penalty Abatement
Busines using a computer to complete Individual income tax return form online for tax payment. Government, state taxes. Data analysis, paperwork, financial research, report. Calculation tax return.

Each type has different qualifications and limitations. Each of them requires a thorough analysis of your financial circumstances and a determination of which option best fits your situation. The taxing authority will keep pushing on enforcement until you complete all the necessary steps.

Don’t get stuck - Contact Traxion Tax today for a 100% Free Consultation to learn which option is best for you.


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