- Instructor: Attorney Bob Schaller
- Lectures: 4
- Quizzes: 1
Taxpayer “Withdrawing” a Pending Offer.
An Offer in Compromise application can be “withdrawn” by the taxpayer while the IRS is considering the application. The withdrawal of an application closes the Offer in Compromise application review process. There are two kinds of withdrawn offers: voluntary and mandatory. IRM § 5.8.7.4(1) (09-23-2008).
Bankruptcy/Tax Attorney & Registered CPA
Bob started his own law firm and has practiced law for more than 35 years. He has filed more than 3,000 cases and argued cases before the U.S. Court of Appeals, U.S. District Court, and U.S. Bankruptcy Court. He has authored 22 books including the 500-page book titled: "Career Advisor's Resource To Starting a Solo Law Firm: Exploring a New Career Path" and the 6-volume "Bankruptcy MasterClass Practice System & Toolkit." He also authored the 654-page book titled "IRS Offer in Compromise, Installment Agreements & Innocent Spouse Relief."
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Understanding the IRS Collection Process. https://youtu.be/qn3hMR9pjOk This course provides a brief overview of the IRS collection process. It does not provide strategies or exceptions to the rule. Later courses provide a greater explanation of these issues. The collection process starts after a taxpayer files a tax return without full payment…
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OIC 101: IRS Authority to Eliminate Back-Taxes
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OIC 102: Overview of the OIC Application Process
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OIC 103: Who Submits the OIC Application?
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OIC 105: Is the OIC Offer “Processable?” – Part 1
Is the OIC Offer Submitted “Processable?” – Part 1. https://youtu.be/RGivexRiG_0 The IRS receives the taxpayer’s offer. The first step it takes is to determine if the submitted offer is “processable.” This issue is divided into two separate courses. Part 1 addresses issue relating to the taxpayer’s ability to fully pay…
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