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welcome everyone and thank you for joining me today for a quick video on the most frequently asked questions i see in practice my name is eli noff and im a partner and chair of tax controversy at frost law i field a lot of prospective client phone calls and one of the most frequently asked questions i receive is i heard on the radio that i can settle my taxes for pennies on the dollar is that true kudos to you listeners and to my prospective client callers for being skeptical in calling a tax attorney or watching this video take a bit deeper dive im going to spend just a couple minutes going over the basics of federal offers in compromise as always feel free to call me to discuss any questions you may have after watching while there are a few different types of offers available today well discuss offer and compromise doubt as to collectability which basically means i want to settle because i cant pay before considering an offering compromise ensure th