|
Offer in Compromise Questions
Application Fee Questions
228
What if my OIC is not accepted, will the application fee be refunded to
me?
No. The IRS will retain the fee when:
- The taxpayer's initial OIC amount is
too low - based on the IRS evaluation of the taxpayer's financial
condition - and the taxpayer is given the opportunity to increase
it. If the taxpayer does not increase the OIC amount, or show
special circumstances, the IRS will reject the Form 656;
- The taxpayer fails to submit
additional financial documents to assist in the IRS review. If
the taxpayer fails to respond, and/or submit the requested
information, the OIC will be returned without further consideration;
or
- The taxpayer chooses to withdraw the
Form 656.
Back to Questions Index
|
