…proposed OIC installment payments. Should IRS reject any offer, the agency would retain any monies that a taxpayer submits with his/her offer. While the proposal would repeal the $150 OIC user fee, reduce IRS’ time to accept an offer from 24 to 12 months (starting in 2010), and create a task force to review the entire offer program, these benefits—such as they are—are far outweighed by the so-called ‘good faith’ provisions of the proposal. While enrolled agents have many concerns…

…proposals would require a significant change to IRS’ offer-in-compromise (OIC) program. More specifically, the proposal would require a taxpayer to remit either a 20% down payment with any lump sum offer or to make regular payments of proposed OIC installment payments. Should IRS reject any offer, the agency would retain any monies that a taxpayer submits with his/her offer. While the proposal would repeal the $150 OIC user fee, reduce IRS’ time to accept an offer from 24 to 12…

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