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Automated Offers in Compromise (AIC) Privacy Impact Assessment PIA Approval Date: Mar. 10, 2009 System Overview AIC is a database that allows monitoring, tracking and controlling of offers in compromise

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What is automated offers in compromise?

Automated offers in compromise are a simplified online tool that process qualifying offers for individuals with a tax debt to settle their debt with the IRS.

Who is required to file automated offers in compromise?

Individuals with a tax debt who meet specific criteria set by the IRS are required to file automated offers in compromise.

How to fill out automated offers in compromise?

To fill out automated offers in compromise, individuals need to provide detailed financial information, submit required documents, and follow the step-by-step instructions provided by the IRS online tool.

What is the purpose of automated offers in compromise?

The purpose of automated offers in compromise is to provide taxpayers with a simplified and efficient way to settle their tax debt with the IRS.

What information must be reported on automated offers in compromise?

Individuals must report detailed financial information, income, expenses, assets, liabilities, and any other relevant information requested by the IRS on automated offers in compromise.

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