- Instructor: Attorney Bob Schaller
- Lectures: 7
- Quizzes: 1
“Rejecting” a Pending Offer.
The IRS can “reject” a processable Offer in Compromise application for many reasons. The IRS defines “reject” as a non-acceptance recommendation of any OIC offer that includes appellate rights. IRM § 5.8.7.1.6(1) (12-20-2018). The rejection of an application closes the Offer in Compromise application review process. Interest and penalties are stopped while an Offer in Compromise application is being considered, but interest and penalties are applied retroactively upon rejection. Offer in Compromise FAQs, https://www.irs.gov/businesses/small-businesses-self-employed/offer-in-compromise-faqs.
Video Overview
Overview of the IRS "Rejecting" a Pending Offer
RCP Exceeds Offer Amount
Not in the Best Interest of the Government
Rejecting an Application on Public Policy Grounds
Independent Administrative Review
Appellate Review of Rejected Application
Quiz
Reviews
Tax Law
This course teaches tax professionals that the IRS can “reject” a processable Offer in Compromise application for many reasons. The IRS defines “reject” as a non-acceptance recommendation of any OIC offer that includes appellate rights. The rejection of an application closes the Offer in Compromise application review process.
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