It is certainly possible for someone who is in debt to the Internal Revenue Service, to make a deal that allows them to satisfy the debt at a figure that is lower than the original figure that is due. This is certainly to the advantage of the individual who owes the debt, but quite frankly, the IRS is interested in making this possible because it does work to their advantage in certain ways also. From their viewpoint, they are collecting at least some of the money due them, they are cutting down enormously on the time and effort involved … Read more at 2009 Taxes
