Offer in compromise: new policy and procedures.: An article from: The Tax Adviser

This digital document is an article from The Tax Adviser, published by American Institute of CPA's on October 1, 1992. The length of the article is 1055 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The IRS has revised its policies and procedures to permit more offers of tax compromise to proceed and process those offers more rapidly. The taxpayer must still prove an inability to pay or substantial doubt of the validity of the liability. The IRS's purpose is to minimize expenditure of government time on uncollectable cases and take what can be collected expeditiously. The process of asset valuation, particularly as it applies to pension and retirement plans is presented.

Citation Details
Title: Offer in compromise: new policy and procedures.
Author: Richard W. Preston
Publication:The Tax Adviser (Magazine/Journal)
Date: October 1, 1992
Publisher: American Institute of CPA's
Volume: 23 Issue: n10 Page: 661(2)

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