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A tax settlement is an arrangement which is acceptable to the IRS or state taxing authorities that allows a taxpayer to retire an outstanding tax liability.

https://www.innovativetaxreliefllc.com/irs-tax-liabilities-settlement/
A tax settlement with the IRS is an arrangement between you and the IRS to pay your tax debt in a certain way. It is designed to help taxpayers clear their tax ...

https://www.hrblock.com/tax-center/irs/audits-and-tax-notices/tax-dictionary-tax-debt-settlement-options/?srsltid=AfmBOordL-27laaGOESGWdsJjAHd-YWhjGbib3MAXcB8nSqjahRwqlKj
An OIC allows you and the IRS to agree to settle your tax liability for less than the full amount you owe. The OIC is mostly for taxpayers who have few assets, ...

 

 

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