Course Tag: Taxpayer's Duties


OIC 117: Taxpayer’s Obligations During Offer Investigation

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.

OIC 123: Taxpayer’s Duties Post-Acceptance

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…