Tax Administration: IRS Should Evaluate the Change to its Offer in Compromise Program

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Our Price: $20.00

Year: 2002
Pages: 48
Binding Paperback

Product Code: 0756725372

Description

James R. White. A growing backlog of cases & longer processing times have prompted concern about the management of the IRS Offer in Compromise (OIC) Program. An OIC is an agreement between a taxpayer & the IRS to settle or “compromise” the taxpayer’s tax liability for less than the full amount owed. This report reviews IRS’s admin. of the OIC program. It determines why the number of cases & case processing times (PT) have continued to grow; assesses whether IRS’s current initiatives for managing the OIC Program will reduce inventory & PT; & determines whether IRS is reviewing all proposed rejections of offers, & not rejecting offers from low-income taxpayers only on the basis of the amt. offered.

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