Explanation of a Processable OIC

The IRS has determined that there should be a preliminary step before assigning an offer to one of their offer specialists. The significance of this is that you can verify that the IRS has received your offer, but in order for collection action to stop during the determination of an offer, it must be assigned to the specialist. I have had offers held up in the processable offer in compromise stage for up to a year! During this time we were told that the offer was being reviewed. Without making the distinction of who is reviewing it at the offer division, we had mistakenly thought the taxpayer had the “stop collection” protection of the offer division. Luckily, we had negotiated the agreement from the collection officer to stop collections. She also assumed the offer division specialist was working on it, so we were not contacted.

Processable Offer In Compromise – How To?

The offer forms should be filled out correctly. Your tax returns need to be filed up to date. You have to submit the right forms, make your payment out for the right amount and titled properly. You need to include the correct backup information. Any years included in the offer cannot also be part of a current bankruptcy proceeding. In the past, I’ve had offers accepted with some information missing. We stated ahead of time that we will provide it shortly. It helps to have a good reputation with the people at the IRS in this regard. I’ve had people tell me that their offer was rejected in cases where if I filed it, it would have been accepted for processing. Accepted for processing means that it now gets assigned to an offer specialist. There’s an art to having your offer get past the processable stage.