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You absolutely can, if you're rich. Rich people settle their tax debts with the IRS for pennies on the dollar all the time, with the threat of dragging the gove
by Analemma_ 8mo ago
You absolutely can, if you're rich. Rich people settle their tax debts with the IRS for pennies on the dollar all the time, with the threat of dragging the government into years of expensive litigation if the offer isn't accepted. You and I, of course, don't have this option.
- fortran77 8mo agoPoor people do this much more often than rich people.
- polotics 8mo ago"more"... in number of cases, or in total amount of tax revenue lost?
- behole 8mo agoI would love to see your source for this claim.
- fortran77 8mo agoSure: https://www.irs.gov/businesses/small-businesses-self-employed/offer-in-compromise-faqs https://www.irs.gov/businesses/small-businesses-self-employe...