2006-09-28 05:01:58 · 3 answers · asked by jane s 1 in Business & Finance ➔ Taxes ➔ United States
They will reject any offer that does not meet the criteria for acceptance. Get a hold of the IRS form 656 and 433-A and 433B. This would be a good time to consult a tax professional. And not one that advertises relief for pennies on the dollar on TV. Consult a EA or CPA. Make sure they have experience with an OIC.
2006-09-29 06:24:14 · answer #1 · answered by daoco 4 · 0⤊ 0⤋
I have no idea how often they reject offers. I linked the IRS FAQ about Offer in Compromise Rules. Good luck.
2006-09-28 12:14:09 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Depends on the offer. If they feel that litigating would cost too much or that the reductionis less than the costs to collect, they will accept it. Otherwise they might reject it. I say might in that reasons for rejection could be ones other than dollars and cents.
2006-09-28 05:58:56 · answer #3 · answered by extra_37 4 · 0⤊ 0⤋