Should I close credit lines while applying for offer in compromise IRS?
For those who are dealing with tax debt, submitting an Offer in Compromise (OIC) application to the IRS can be a transformative choice. It gives you a fresh start financially by enabling you to pay less than the entire amount owed for your tax liability. However, a common question that many taxpayers have during the application process is: Should I close my credit lines while submitting an IRS Offer in Compromise application?