Mesa’s Tax Debt Advisors will help you understand the IRS offer in compromise process
While your Mesa AZ IRS Offer in Compromise (OIC) is being reviewed:
- Your application fee and payments will be applied to the tax liability. These payments are non-refundable. You have the option of designating what tax year you want the payments to be applied too.
- The IRS may file a Notice of Federal Tax Lien to protect their interest in your assets in case your Mesa AZ IRS Offer in Compromise is rejected.
- All collection activities cease.
- The statute of limitations period is extended.
- You must make all required monthly payments.
- You are not required to continue with your installment arrangement (if you are in one).
- Your IRS offer in compromise Mesa AZ is automatically accepted if the IRS takes longer than two years to make a determination, from the IRS receipt date.
As you can see there are many rules to be complied with during the IRS offer in compromise Mesa AZ process. Missing any payments or not following through in the mind of the IRS will cancel your offer and the process may have to be restarted from the beginning. Scott Allen E.A. of Tax Debt Advisors has the experience to keep the IRS and your Mesa AZ offer in compromise free from any unnecessary problems. Tax Debt Advisors offers a free initial consultation and can be reached at 480-926-9300 to schedule an appointment.
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