Tax Administration IRS Should Evaluate the Change to Its Offer in Compromise Program

A growing backlog of cases & longer processing times have prompted concern about the management of the IRS Offer in Compromise (OIC) Program. An OIC is an agreement between a taxpayer & the IRS to settle or compromiseÓ the taxpayer's tax liability for less than the full amount owed. This report reviews IRS's admin. of the OIC program. It determines why the number of cases & case processing times (PT) have continued to grow; assesses whether IRS's current initiatives for managing the OIC Program will reduce inventory & PT; & determines whether IRS is reviewing all proposed rejections of offers, & not rejecting offers from low-income taxpayers only on the basis of the amt. offered.White, James R. is the author of 'Tax Administration IRS Should Evaluate the Change to Its Offer in Compromise Program' with ISBN 9780756725372 and ISBN 0756725372.