If a Taxpayer Has Insufficient Financial Means to Pay a Deficiency

question 63

True/False

If a taxpayer has insufficient financial means to pay a deficiency, the IRS may make an offer in compromise to settle for a lesser amount.

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Definitions:

Gender Dysphoria

A psychological condition where there is a discrepancy between a person's experienced or expressed gender and the gender they were assigned at birth, often causing distress.

Klinefelter Syndrome

A genetic condition in males characterized by an extra X chromosome, leading to various physical, developmental, and reproductive issues.

Short in Stature

Describes individuals who are significantly below the average height for their age and sex.

Congenital Adrenal Hyperplasia

A group of genetic conditions affecting the adrenal glands, leading to an imbalance of hormones and potentially affecting sexual development and growth.