< iframe width =" 480" elevation =" 320" src =" https://www.youtube.com/embed/a8RCBUsvhFo?rel=0" frameborder =" 0" allowfullscreen >< img style =" float: left; margin:0 5px 5px 0;" src =" http://taxdr.org/wp-content/uploads/2021/04/MphRyg.jpg"/ > https://www.alabamaconsumer.com/2019/10/irs-back-taxes-what-is-an-offer-in-compromise/. An offer in compromise is where you ask the Internal Revenue Service to clear up for less than 100% on the quantity of back taxes( interest as well as penalties additionally) that you owe. This is for when, per Internal Revenue Service guidelines and also regulations, you do not have the capability to pay back the complete quantity. There are three basic kinds:. 1. Reliable tax administration (where you might pay it back but it would be unfair to ask you to do this-- extremely uncommon this is provided). 2. Question as to responsibility( where you have a reputable argument that you do not owe the amount as both sides settle to prevent the threat). 3. Question regarding collectibility-- this is the most typical one. We will enter into even more information in future video clips. Thanks for viewing and any type of comments you have ... John. John G. Watts. Watts & Herring, LLC. Representing consumers across Alabama. 205-879-2447. http://www.alabamaconsumer.com/." No representation is made that the quality of the legal solutions to be carried out is above the top quality of legal services carried out by various other legal representatives."