< iframe width= "480 "height=" 320" src =" https://www.youtube.com/embed/C22ivsNIUAs?rel=0" frameborder= "0" allowfullscreen >< img style=" float: left; margin:0 5px 5px 0; "src=" http://ustaxreview.org/wp-content/uploads/2021/05/HL5XNL.jpg"/ > In this episode of" Tax File Minute: Responses from a Tax Expert," Jackson Hewitt's Chief Tax Info Officer Mark Steber explains the differences between back taxes and tax debt, the three levels of tax financial obligation, and what taxpayers can do if they're in this circumstance. To read more about how an Offer in Compromise works, see https://www.jacksonhewitt.com/tax-help/tax-tips-topics/back-taxes/what-is-an-irs-offer-in-compromise/. Read more about what tax debt is, and your choices on how to cover it: https://www.jacksonhewitt.com/tax-help/tax-tips-topics/back-taxes/what-is-tax-debt-guide/ Subscribe to Jackson Hewitt: https://www.youtube.com/c/jacksonhewitt?sub_confirmation=1 For more assist with your taxes year-round, visit https://www.jacksonhewitt.com/