An Offer in Compromise lets you settle your tax debt for less. The IRS calculates your Reasonable Collection Potential: future income plus net asset equity. Florida's homestead exemption and unlimited retirement protections reduce the asset calculation, sometimes dramatically.
A Tampa homeowner with $300,000 in home equity and $200,000 in retirement accounts might show minimal equity for OIC purposes. That same person in a state without these protections would have a much higher RCP.
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