On this episode, Andrew Belter and William Schmidt review offers in compromise – what are some of the basics in making an offer and what are the types of offers? There is also a discussion of offset bypass refunds – working with the Taxpayer Advocate Service to try and get a refund for a client who owes a past-due government debt.
Next, we turn to the look at a recent National Taxpayer Advocate blog post and discuss the changes the IRS recently brought to offers in compromise (OICs) and the offset bypass refund (OBR).
Two recent changes noted in the blog post:
Andrew and William discuss how those changes provide assistance for low income taxpayers.
NTA Blog: IRS Initiates New Favorable Offer In Compromise Policies - Taxpayer Advocate Service
Episode 140: Recent Tax Recap
Episode 139: Highlights for the Tax Season
Episode 138: Tax Court Return
Episode 137: The Child Tax Credit
Episode 136: State of IRS Collections
Episode 135: CAF Unit Issues
Episode 134: Form 1040 Basics, Part 2
Episode 133: Form 1040 Basics, Pt. 1
Episode 132: The Recovery Rebate Credit
Episode 131: 2021 New Year Tax Thoughts
Episode 130: 2021 Annual LITC Grantee Conference
Episode 129: 2020 Year in Review
Episode 128: Collections Presentation
Episode 127: 2020 LITC Conference
Episode 126: Form 2848 and the CAF Unit
Episode 125: Taxgirl Interview
Episode 124: Virtual Tax Conferences
Episode 123: November Updates
Episode 122: Virtual Tax Court
Episode 121: U.S. Tax Court Nonattorney Examination
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