IRS Announces Major Change to Offer in Compromise Policy for Taxpayers Owe Federal Taxes

Submitted by Anonymous (not verified) on Wed, 11/17/2021 - 21:48
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 The IRS announced a policy change in their Offer in Compromise ("OIC")program (for people who owe federal taxes) where for OICs accepted after November 1, 2021, the IRS will forego taking the post-OIC acceptance  tax refund for the year of acceptance. An excellent article on this topic can be found at https://procedurallytaxing.com/major-change-to-offer-in-compromise-policy/