- Instructor: Attorney Bob Schaller
- Lectures: 2
- Quizzes: 1
Categories: Offer in Compromise
Tags: Taxpayer's Duties
Taxpayer’s Obligations During Offer Investigation.
The IRS spends many months investigating a “processable” Offer In Compromise application. So, a taxpayer must be patient while the offer is pending. Patience does not mean inaction. A taxpayer has obligations that must be satisfied during the IRS offer investigation.
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Video Overview
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Taxpayer's Obligations
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Quiz
Reviews
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Tax Law
This course provided the essential information that all tax professionals must know so that they can advise their clients. The most important obligation is that a taxpayer must remain in full compliance with all tax laws while the offer is pending, or the application process will be closed, and the application returned or withdrawn.
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OIC 101: IRS Authority to Eliminate Back-Taxes
IRS’ Authority, Motivation & Basis to Eliminate Back-Taxes. https://youtu.be/rwKeaiLO9xY An Offer in Compromise is an agreement between a taxpayer and the IRS that settles a tax liability for payment of less than the full amount owed. IRM § 5.8.1.2.1 (09-23-2008); Adamowicz v. US, 08-888C, Pg. 5 (D.C. Ct. Fed. Cl. 11/21/2011). …
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