Offer in Compromise - Taxpayer Advocate Service (TAS)
Sep 10, 2020 · Overview. If you can’t pay your tax debt in full, or if paying it all will create a financial hardship for you, an offer in compromise (OIC) may be an option. An OIC (also …
FAQs about Offer in Compromise - Taxpayer Advocate Service (TAS) Coupon?
What is the Taxpayer Advocate Service (TAS)?
The Taxpayer Advocate Service (TAS) is an independent organization within the Internal Revenue Service (IRS) that helps taxpayers and protects taxpayers' rights. ...
What is an offer in compromise?
An Offer in Compromise (offer) is an agreement between you (the taxpayer) and the IRS that settles a tax debt for less than the full amount owed. The offer program provides eligible taxpayers an opportunity to resolve their tax debt. The ultimate goal is a compromise that suits the best interest of both the taxpayer and the IRS. ...
Can the IRS accept an offer in compromise (OIC)?
The IRS has the discretion to accept an offer in compromise (OIC) or to release refunds it would otherwise apply against taxpayers’ tax debts through an offset bypass refund (OBR). To help taxpayers experiencing hardships TAS collaborated with the IRS to remove barriers for taxpayers considering the OIC program. ...
Can TAS help me with my tax issue?
If taxpayers qualify for assistance, which is always free, TAS will do everything possible to help them. Taxpayers can also find out if TAS can help them with their tax issue using the TAS Qualifier Tool. TAS help is free, confidential and tailored to meet each business or individual taxpayer's needs. ...
Who is a tax advocate?
Advocates are independent of the local IRS office and report directly to the National Taxpayer Advocate. They know the tax system and how to navigate it. Qualified taxpayers will receive personalized service from a knowledgeable advocate. ...
What is the IRS Taxpayer Advocate Service?
The IRS Taxpayer Advocate Service (TAS) is an independent organization within the IRS that helps taxpayers who are experiencing unresolved federal tax problems. If your IRS tax issue is taking a long time to resolve, TAS may be able to help. ...
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