Forty-one percent. That’s the percent of offers in compromise the IRS accepted in 2018. As a former Senior Revenue Officer I can tell you that those acceptances weren’t based on quotas or luck—they were based on real, compelling facts and evidence that were presented in those cases. If you know the hard and fast rules of Offer in Compromise and become familiar with the IRM, you’ll have a higher likelihood of getting offers accepted for your clients.
This post linked below is the first installment of a 5-part blog series where I'll discuss some technical information you need to know when working on Offer in Compromise cases, but I'll also share some insights from my time with the IRS. I hope you’ll find it helpful in increasing your acceptance rate. In this first post we’ll take a look at the basics of Offer in Compromise and how to know if it’s a good option for your client.
What is Offer in Compromise? Continue reading here.
And make sure to register for Canopy's webinar with Insightful Accountant, "How to be Successful with Offer in Compromise," on May 28 at 2:00 p.m. Eastern Time. You can register here.