Form 656-L Sterling Heights Michigan 2024-2025

Form 656-L Sterling Heights Michigan: What You Should Know

The IRS does not allow you to resolve the debt under a penalty-free offer in recompromise. Official Document — MPR According to the IRS, the offer of compromise is not an admission of a tax debt but the “preferred option” under the “alternative dispute resolution system” which offers to settle civil tax disputes between individuals for a discounted fee. “I am not aware of any other service agency that offers the alternative dispute resolution system, other than the Department of Motor Vehicles,” says tax professional Richard Brice, who founded The Taxpayers' Advocate, a private tax debt-resolution service. The offer of compromise is the only program the IRS offers non-tax debt clients to settle their matters, according to IRS spokesperson John G. Smith. “This is the best program for this tax period,” Smith wrote in an e-mail. “The offer of compromise is the only program that allows you a direct path to receiving an offer to compromise from the IRS. If you are unable to resolve your tax dispute through negotiation or the offer of compromise, you may choose to file an appeal with the IRS to obtain a decision and to preserve your right to a public accountant's opinion on the matter.” Offer in Compromise 101 — Franskoviak Tax Solutions Source: Internal Revenue Code of 1986, 12 U.S.C. § 6651 “No tax is due as a result of this offer of compromise.” — U.S. Tax Court “The IRS will pay for all court costs associated with the taxpayer's representation at the public accountant's opinion meeting in exchange for the taxpayer not taking the stand at the hearing under oath. When the taxpayer takes the stand, the government will represent that it's offering the IRS a fair and timely settlement payment of the tax debt. This means that any settlement payments to the agency must be reduced by 10% (or 5% for payments in excess of the 10% allocation limit).” “This offer of compromise is a 'fait accompli' agreement that the IRS has made in response to complaints.” If the IRS rejects your offer of compromise, you can continue with an appeal of the denial. Offer in Compromise 101 — Franskoviak Tax Solutions Source: Internal Revenue Code of 1986, 12 U.S.C. § 6651 “All claims must be resolved within the IRS Offer in Compromise Program, so don't delay,” says IRS spokesman John G. Smith.

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