Thankfully, there are now several web sites that are there to help people like you with bad credit to find the fast personal loans that you need. When you have bad credit, the first thing that you should be looking for is a loan company that If your financial problems have reached the point where you do not see a way out and you feel as though you are drowning in debt, your best way out is through declaring bankruptcy. Filing may well allow you to get your finances back on track
Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} - Compromise (def): An agreement in which neither party got what they wanted. If you have received a tax bill or have past due taxes that you've had problems paying, an Offer in Compromise - otherwise known as an OIC - may be a viable option for tax relief. Although the IRS is particular about why you're asking for an OIC, there are three legitimate reasons to file this request for tax relief:
- Doubt of liability - The IRS isn't sure that the assessment was correct.
- Doubt of collectability - The IRS isn't sure if you can pay the tax debt in full.
- Effective tax administration - Payment of the tax debt in full may cause undue hardship or you have proven that you cannot pay the tax debt in full because of circumstances beyond your control.