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Offer in compromise rejected? You might appeal

As reminded in the IRS Tax Tip 2024-54, if your offer in compromise is rejected you have 30 days to request an appeal using Form 13711 - Request for Appeal of Offer in Compromise.  In the IRS form, you will have to list the a) disagreed item and b) the reason for the disagreement, plus

By |2024-11-12T20:04:36+00:00May 30th, 2024|Categories: Business, Individuals|Tags: , , , , , , |

Offer in compromise – General information

The offer in compromise is an option when there is an IRS debt that the taxpayer cannot pay in full. The IRS considers the income, expenses (living expenses), and assets to potentially reach an agreement on a reduced amount. Note that the process is not easy and you have to qualify for the offer in

By |2021-05-08T17:59:12+00:00May 8th, 2021|Categories: Individuals|Tags: , , , , |
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