Taxpayers may be eligible for an Offer in Compromise if they owe more tax than they can pay. However, not everyone qualifies for an Offer in Compromise.At LBS Tax Services, our team of experienced professionals is here to help you with IRS debt forgiveness in Phoenix AZ! Give us a call today! Form 1099C is an IRS form that is used to report "cancellation of debt," or debt forgiveness. A waiver means you are no longer liable to pay back the amount that was waived from your overpayment. An overpayment occurs when Social Security pays you more than you should have been paid. Use the Public Service Loan Forgiveness (PSLF) Help Tool to determine whether you're eligible for PSLF programs and guide you through the process. When the statute of limitations ends their tax debt will be forgiven completely. Also an IRS tax lien, if any will be released.