- Instructor: Attorney Bob Schaller
- Lectures: 4
- Quizzes: 1
Taxpayer “Withdrawing” a Pending Offer.
An Offer in Compromise application can be “withdrawn” by the taxpayer while the IRS is considering the application. The withdrawal of an application closes the Offer in Compromise application review process. There are two kinds of withdrawn offers: voluntary and mandatory. IRM § 5.8.7.4(1) (09-23-2008).
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Video Overview
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Voluntary Withdrawals
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Mandatory Withdrawals
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Closed Offer Reopened Upon IRS Error
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Quiz
Reviews
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Tax Law
It's great to know that an Offer in Compromise application can be “withdrawn” by the taxpayer while the IRS is considering the application. The withdrawal of an application closes the Offer in Compromise application review process. There are two kinds of withdrawn offers: voluntary and mandatory.
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