Can a College Student Qualify For an Offer in Compromise on $71,000?
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Many college students — especially those that attend later in life — who have racked up significant tax debt before going to school think that they will be a great candidate for an offer in compromise since they don't make a lot of money while going to school. While this may be the case, those in this situation could be aware of a trap the IRS may set for them in the form of a future income collateral agreement. Learn more in this episode!