Unlocking the Secrets of an Offer in Compromise: A Comprehensive Guide Chapter 5
Chapter 5 How to appeal the IRS when your offer in Compromise is Rejected. Take One Last Chance at the Offer Specialist Level Don't Fall For the Misleading Commercials! Lately I’ve seen a commercial on various social media outlets touting IRS Debt Relief, The Fresh Start Initiative and an Offer in Compromise. The commercial illustrates a taxpayer settling a large tax debt for $100. For the record, the only way to accomplish this is to be out of a job, with not job prospects, and living on the edge of homelessness – it’s all a fiction and does a real disservice to educate taxpayers as to how this process work. Set reasonable expectations for yourself – if you live in an expensive house, send the kids to private school, have late model cars, season tickets to local sports team and vacation two or three times a year – it isn’t going to happen for you. An IRS Settlement Officer (SO) is a trained professional who is responsible for evaluating and negoti...