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How do I make an Offer in Compromise for a lower tax amount? What are chances of having it accepted?
I retired in 2017. During 2017 I made a mistake on how I should have taken my IRA distributions and ended up taking a lump sum in January 2018. Then during the rest of 2018 I took monthly distributions. So in effect I took double IRA distribution income in 2018. My federal tax liability for 2018 is about $27,000, where it normally would have been closer to about $12,000.
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‎June 4, 2019
9:01 PM