With tax season underway, the Maryland Volunteer Lawyers Service, along with the University of Baltimore School of Law and University of Maryland Francis King Carey School of Law, is hosting an Offer-in-Compromise Day next month to assist Marylanders who may owe back taxes.
OIC is a program that allows people to offer the IRS an amount he or she can afford to pay in exchange for dropping the amount owed in back taxes. The amount is decided based on the individual’s financial situation and other circumstances.
Law professors will talk more about the program during the session, and attendees will break into groups to work with student attorneys from the two Maryland law schools.
Attendees must have a household income of less than $54,000 and register in advance. They must bring three pay stubs or their last filed tax return and any correspondence from the IRS or Maryland comptroller’s office or a bill listing the current amount of back taxes owed.
The event will be held on March 3 from 10 a.m.-12 p.m. at the MVLS offices on 201 N. Charles St. Suite 1400 in Baltimore.
To register, call Shih at 443-541-4061.