Settle With the IRS for Pennies on the Dollar?
Originally broadcast May 5, 2012.
In this archival episode of TaxSense: Keeping What’s Yours, Owen S. Arnoff discusses the often-advertised idea of settling an IRS tax debt for “pennies on the dollar.” The program examines IRS collection and tax-resolution issues and the circumstances taxpayers should understand before assuming that a dramatically reduced settlement is readily available.
Archive notice: This program is presented as a historical recording. Tax laws, IRS procedures, financial rules, and planning strategies discussed reflect the law and circumstances in effect when the episode originally aired and may no longer be current. This recording is provided for historical and educational purposes only and is not current tax, legal, or investment advice.
Creators and Guests
Host
Owen Arnoff
Owen S. Arnoff, EA, NTPI Fellow, is a tax practitioner, educator, and industry thought leader focused on tax planning, practitioner judgment, and professional education. An Enrolled Agent since 2008 and an NTPI Fellow since 2011, Owen has worked across taxation, financial services, business ownership, insurance, investments, real estate, and advisory practice over a career spanning more than four decades. He is the creator of 1040.guru, a practitioner-focused tax-planning platform, and the publisher and host of Tax Practitioner Intelligence, a media and publishing series built around real cases, better questions, authority-grounded analysis, implementation, and professional judgment. Owen was the host of TaxSense: Keeping What’s Yours, a Sacramento-based tax and financial radio program broadcast on 1380 KTKZ during 2012–2014. The restored TaxSense archive preserves those historical programs as part of his broader work in tax education and public communication.
