Will an offer in compromise stop a garnishment on your wages or the levy of your bank accounts?  It is a question that comes up often.  The answer can be found both in federal tax law and in tax regulations written by the department of the treasury. Under federal tax...

Harry Jones has not filed his federal tax return since 1999. When he finally got around to filing in 2007, his tax debt with penalties and interest was over $100,000. He called one of those late night TV tax relief companies who promised to reduce his debt “up to...