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In some cases, a business debt can be settled with an Offer in Compromise.  Typically, this requires that the business be closed and that the business owner(s) be charged the Trust Fund Recovery Penalty (TFRP), allowing the IRS to attempt to collect the business debt from the owner(s).  Once this occurs, it is sometimes possible to settle the debt depending on the financial situation of the business owner(s).

Contact us, and we will go over your case with you, and explain all the options available to you.

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