Questions? Feedback? powered by Olark live chat software

Offer in Compromise FAQ

March 25, 2014

Why was my offer found to be unacceptable?

The IRS is likely to reject an OIC where a taxpayer files a frivolous offer to delay collections, has an egregious history of past noncompliance, the […]
March 25, 2014

What happens when IRS finds something wrong with my offer

For unperfected offers, the IRS will attempt to contact the taxpayer or representative by telephone to advise that the offer was received and to explain the […]
March 25, 2014

How will I know if my Offer in Compromise is accepted?

An offer is considered accepted by the IRS only when the proponent of the offer or his representative is so notified in writing. Oral compromises are […]
March 25, 2014

Will an Offer in Compromise affect installment agreement

If you currently have an approved installment agreement with IRS and are currently making installment payments to IRS, then you may stop making those installment agreement […]
March 25, 2014

What payments are required with an Offer in Compromise

In addition to the $186 application fee, Taxpayers are required to make nonrefundable partial payments with the submission of either of the two payment option forms of […]
March 25, 2014

Offer in Compromise includes liabilities prior to marriage

Where an Offer in Compromise is made by only one taxpayer where a joint tax return was filed, the OIC will not extinguish the liability of […]