< iframe width= "480 "height=" 320" src =" https://www.youtube.com/embed/C22ivsNIUAs?rel=0" frameborder= "0" allowfullscreen >< img design=" float: left; margin:0 5px 5px 0; "src=" http://ustaxreview.org/wp-content/uploads/2021/05/W1JF1M.jpg"/ > In this episode of" Tax File Minute: Responses from a Tax Insider," Jackson Hewitt's Chief Tax Information Officer Mark Steber explains the distinctions in between back taxes and tax debt, the three levels of tax debt, and what taxpayers can do if they're in this circumstance. To find out more about how an Offer in Compromise works, check out https://www.jacksonhewitt.com/tax-help/tax-tips-topics/back-taxes/what-is-an-irs-offer-in-compromise/. Check out more about what tax debt is, and your options on how to cover it: https://www.jacksonhewitt.com/tax-help/tax-tips-topics/back-taxes/what-is-tax-debt-guide/ Register For Jackson Hewitt: https://www.youtube.com/c/jacksonhewitt?sub_confirmation=1 For more help with your taxes year-round, visit https://www.jacksonhewitt.com/