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If the IRS accepts your offer, you can pay in a lump sum or periodic installments. What to know Requesting an OIC doesn’t guarantee approval. The IRS approves offers on a case-by-case basis. Currently Not Collectible Status Currently Not Collectible status means the IRS has determined th...
When you get hired at a company, you fill out a tax form called a W-4. This tells your employer how much money should go to the IRS each time you get paid. In other words, money is withheld from your paycheck. It's not a bad thing because if it turns out you overpaid, you ge...