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I filed an Offer in Compromise on my own and it was rejected because I left out an asset…what now?

Posted by Michael S. Anderson | Aug 06, 2013 | 0 Comments

How To Proceed After Your IRS Offer In Compromise Is Rejected How To Proceed After Your IRS Offer In Compromise Is Rejected When you file an Offer in Compromise with the IRS, and you are making the claim that you don't have the income or assets to pay the debt under the “Doubt as to Collectability” rules, the IRS will do everything it can to prove you wrong.

It will scour your income, budget and asset documents in making a case that you can pay it more than you think you can.

If you have made the mistake of leaving out an asset in your Offer in Compromise disclosures, you have made the situation worse.  The IRS Officer reviewing the file will wonder what else you have left out at a minimum, and may place your file in the “dishonest pile” making it much more difficult for you to re-file the Offer successfully even if you meet the Offer criteria.

You may be able to re-file the Offer and win nonetheless… but you probably need help.  You could have other options as well, like a low pay installment plan with the IRS coupled with the use of the Statute of Limitations on Collection or even a Bankruptcy.

The next step should be to have an experienced Arizona Tax Attorney review the situation.

Video: IRS Offer In Compromise Explained By Tax Lawyer Michael Anderson

Michael Anderson Explains The Process of An IRS Offer In Compromise

Michael Anderson, Tax Lawyer In Arizona Michael Anderson, Tax Lawyer In Arizona Written By:

Anderson Tax Law 2158 N. Gilbert Rd. Ste 101 Mesa, Arizona 85203

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About the Author

Michael S. Anderson

Michael Anderson has been representing Arizonans with tax debt problems for almost two decades and has helped his clients eliminate millions of dollars in tax debt. His tax debt practice is limited to helping individuals and the self-employed who have serious IRS and other debt problems. He provi...


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