- Operational Accounting
- Disbursing
- Collections
- Financial Reporting
- FM Standards
- TFM Classic
A compromise is a legal contractual agreement in which less than the full amount of the debt is accepted as payment of the debt in full. A compromise is also referred to as a "settlement". The remaining balance is compromised and may be reported as taxable income, per IRS Form 1099C, at the end of the taxable year in which the compromise agreement was fulfilled.