my offer and compramise was excepted 04, can I file for extension on tax return for 06 or is that defaulting?

Answer 1

The terms of the OIC state
The taxpayer must remain in compliance with filing and payment of all tax returns for a period of five years from the date the OIC is accepted or until the OIC is paid in full, whichever is longer. Failure to pay the OIC on time, and/or to remain in compliance during the five-year period or until the OIC is paid in full, whichever is longer, will result in the OIC being declared in default..

What happens if I do not file my tax return or pay my taxes next year?

The OIC will be defaulted. An OIC requires future compliance for a period of five (5) years from the date of acceptance of the OIC, or until the offered amount is paid in full, whichever is longer. Compliance is the timely filing and paying of all required returns and taxes.


http://www.irs.gov/businesses/small/article/0,,id=109624,00.html


Contact the IRS At 1-800-829-0922 Mon-Fri 7 am to 10pm or the Number of the OIC office that processed you OIC package to see whether they would allow you to file the extention as long as any tax owed is paid by April 17th.

The 1-800-829-0922 number will have people working on Saturday April 14th from 8 to 5

Answer 2

Judy is correct. The extension doesn't give you more time to PAY with or without a offer in compromise or an installment payment plan. It only gives you more time to FILE.

Answer 3

An extension is just an extension of time to FILE, not to pay. You'd still have to have paid all that you owe by 4/17.