- Instructor: Attorney Bob Schaller
- Lectures: 7
- Quizzes: 1
“Rejecting” a Pending Offer.
The IRS can “reject” a processable Offer in Compromise application for many reasons. The IRS defines “reject” as a non-acceptance recommendation of any OIC offer that includes appellate rights. IRM § 5.8.7.1.6(1) (12-20-2018). The rejection of an application closes the Offer in Compromise application review process. Interest and penalties are stopped while an Offer in Compromise application is being considered, but interest and penalties are applied retroactively upon rejection. Offer in Compromise FAQs, https://www.irs.gov/businesses/small-businesses-self-employed/offer-in-compromise-faqs.
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Video Overview
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Overview of the IRS "Rejecting" a Pending Offer
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RCP Exceeds Offer Amount
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Not in the Best Interest of the Government
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Rejecting an Application on Public Policy Grounds
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Independent Administrative Review
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Appellate Review of Rejected Application
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Quiz
Reviews
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Tax Law
This course teaches tax professionals that the IRS can “reject” a processable Offer in Compromise application for many reasons. The IRS defines “reject” as a non-acceptance recommendation of any OIC offer that includes appellate rights. The rejection of an application closes the Offer in Compromise application review process.
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