OIC 124: Default After Acceptance

Overview
Curriculum
Instructor

Instructor: Attorney Bob Schaller
Lectures: 5
Quizzes: 1

Default After Acceptance.

A taxpayer must honor all terms set forth in the Form 656 agreement. Form 656, Section 7, https://www.irs.gov/pub/irs-pdf/f656b.pdf. In particular, a taxpayer must comply with all filing and payment obligations under the Tax Code for a period of 5 years after the offer is accepted. Form 656, Section 7, https://www.irs.gov/pub/irs-pdf/f656b.pdf; IRM § 8.23.3.12 (08-18-2017).

Curriculum

6 Sections
5 Lessons
Lifetime

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Video Overview
1
- 1.1
  Video Overview: What Happens When a Taxpayer Defaults on an Accepted IRS Offer in Compromise Agreement?
  6 Minutes
Overview of Defaulting After Acceptance
1
- 2.1
  Overview of Defaulting After Acceptance
  5 Minutes
Individual Offer in Compromise
1
- 3.1
  Individual Offer in Compromise
  15 Minutes
Joint Offer in Compromise
1
- 4.1
  Joint Offer in Compromise
  15 Minutes
Compromise of a Compromise
1
- 5.1
  Compromise of a Compromise
  10 Minutes
Quiz
1
- 6.1
  Test Your Knowledge Regarding Defaulting After Acceptance
  60 Minutes10 Questions

Attorney Bob Schaller

Bankruptcy/Tax Attorney & Registered CPA

Bob has practiced law for more than 35 years and filed more than 3,000 bankruptcy cases. He has argued bankruptcy cases before the U.S. Court of Appeals, U.S. District Court, and U.S. Bankruptcy Court. He has authored 22 books including the 6-volume "Bankruptcy MasterClass Practice System & Toolkit."

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Default After Acceptance.

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