Common Offer In Compromise Mistakes People Make
Individuals who owe more unpaid taxes than they could ever realistically pay back, such people qualify for an “offer in compromise” (OIC). every IRS rejects thousands of OIC submitted to them based on variety of reasons. If you do not expect the same for yourself and get the IRS offer in compromise help , then stop making these mistakes: Mathematical errors Simple mathematical errors can lead to a rejection of OIC by the IRS. Whether you fill out the Form 433, which is required for the OIC proposal, or you allow a CPA or an EA to fill out the form on your behalf, it is crucial that you check that there are no such calculation errors like not adding up basic figures correctly are simple mistakes that can doom your OIC. Overspending The IRS can scrutinize your spending to ensure that they match up with the money you have at your disposal. If IRS found you spending huge amounts on vacations, buying consumer goods like electronics, cars, then chances of rejection are pretty