Current News | Favorable Changes to the Offer-In-Compromise Program
Good news for taxpayers needing to make an Offer-in-Compromise because they can't pay tax bills in full - the IRS is making helpful changes to the way it calculates a taxpayer's reasonable collection potential, including looking at fewer years of future income. This shold help more filers get their offers accepted. Second, the Service will also begin including student loan payments and other delinquent taxes when calculation collection potential. Both of these changes are favorable to parties seeking an OIC.