What's an Offer in Compromise?
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may be an alternative for resolving your tax delinquency. The
IRS accepts an offer in compromise for tax due to settle unpaid tax accounts for less than the amount
of tax owed
when doubt exists as to whether you owe the tax liability or when there is doubt that the
tax liability can be collected in full and your offer in compromise reasonably reflects
the IRS's tax collection potential. |
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Related tax
information about Offers in Compromise |
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How to avoid an IRS audit?
How to prepare for an IRS audit?
What are my appeal rights?
What are the tax penalties and interest? Can they be
avoided?
How does the Statute of Limitations affect income tax
obligations?
How does the Bankruptcy Code affect income tax obligations?
Taxpayer Bill of Rights
Tax Payments and
Tax Refunds
Tax Audits, Tax Collections and trouble with the IRS |
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IRS publications about
Offers in Compromise:
Refer to Tax Topic 204, Offers-in Compromise, for additional
information. For further information on the appeals process, refer to Tax
Topic 151, Your Appeal Rights. Also see IRS Publication 1, Your Rights as a
Taxpayer, IRS Publication 5, Appeal
Rights, IRS Publication 556, Examination
of Returns, Appeal Rights.., and IRS Publication 17, Your Federal
Income Tax. |
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IRS Links:
IRS
Appeals
IRS Problem
Resolution Office
IRS
Taxpayer Advocate |
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Ask Julian Block your IRS and tax questions! |
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If you can't find the answer to your IRS or tax question in our
web you can call former IRS Special Agent and one of the country's foremost tax attorneys, nationally syndicated columnist ("The Tax
Adviser") Julian Block. Julian is also the tax Editor of Mutual Funds Magazine, America's premier investment magazine. To
call Julian for a tax consultation click
here. |
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