Offer in Compromise: What you need to know
An Offer in Compromise can help settle tax debt for less, but there are a few things to know about the process.
Watch CBS News
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics, from the benefits of gold investing to the many uses of home equity loans.
Angelica previously held editorial roles at Bankrate, HousingWire and other financial publications, where she focused on insurance, credit cards and mortgage and housing content. She has also written for publications like The Motley Fool and Forbes Advisor. Prior to working in personal finance, Angelica held editorial roles at alt-weeklies that include the Houston Press and the Dallas Observer.
An Offer in Compromise can help settle tax debt for less, but there are a few things to know about the process.
Want the lowest student loan rate for fall 2025? Here's how to find and lock in your best student loan rate offers.
Bankruptcy can wipe the debt slate clean, but it's not always the right move. Here's when it may be worth pursuing.
The timeline to escape credit card debt varies significantly depending on your approach. Here's what to know.
Want to buy an annuity at age 65? Here's how much a $500,000 could pay monthly — and what may affect your payout.
Medical debt doesn't have to follow you forever. These options can help you cut costs or eliminate what you owe.
Is your credit card payment late? Here's how to limit the damage, whether you're 30, 60, or 90 days behind.
A $400,000 annuity purchased at 75 could come with big monthly payouts, but it depends on a few different factors.
A $400,000 fixed annuity can offer reliable monthly income, but the payouts can vary due to a range of factors.
A $1,000 payday loan might sound like a quick fix, but sky-high fees and short terms can make it an expensive trap.
Cash advance apps offer quick relief, but what if you can't repay on time? Here's what to expect if that happens.
If you're drowning in debt and can't see a way out, debt settlement might be a lifeline, but it's not risk-free.
A $50,000 annuity can offer reliable monthly income at age 65, but how much you'll get depends on a few factors.
Want a lower credit card APR? You might not need to open a new account if you use these tactics instead.
Credit card debt got you stressed? Debt relief companies promise help — but what can they actually do for you?