- Instructor: Attorney Bob Schaller
- Lectures: 5
- Quizzes: 1
Categories: Offer in Compromise
Tags: Taxpayer's Duties
Taxpayer’s Duties Post-Acceptance.
A Taxpayer has cause to celebrate the IRS’ decision to accept his/her offer to compromise the back-taxes. But the taxpayer must stay vigilant and in full compliance with all terms of the Form 656 offer terms for the 5-year period beginning with the date the offer was accepted and ending through the fifth year, including any extensions.
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Video Overview
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Overview of a Taxpayer's Duties Post-Acceptance
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Taxpayer Must Pay Offer Amount
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Offer Cannot Be Changed Post-Acceptance
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Full-Compliance with Tax Code for 5 Years
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Quiz
Reviews
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Tax Law
This course explains to tax professionals that a taxpayer must stay vigilant and in full compliance with all terms of the Form 656 offer terms for the 5-year period beginning with the date the offer was accepted and ending through the fifth year, including any extensions.
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