What happens to the Offer In Compromise and the application fee and 20% deposit or periodic payments, after I send it to the IRS?
The $150 and the 20% deposit or the periodic payment is retained until the IRS determines whether the Offer In Compromise is processible. BACK TO TOP Are there any instances when the application fee, or the 20% lump sum deposit or the periodic payment amount, will be applied against the amount of the Offer In Compromise or refunded to me after the Offer In Compromise has been accepted for processing? The fee(s) and the 20% deposit will be applied against the amount of the offer and not be refunded to the taxpayer.
Related Questions
- What happens if I do not submit the Offer In Compromise application fee, or the 20% lump sum deposit amount or the periodic payment amount, with the Offer In Compromise?
- What if my Offer In Compromise is not accepted, will the application fee, the 20% lump sum deposit and/or the periodic payment amount, be refunded to me?
- What happens to the Offer In Compromise and the application fee and 20% deposit or periodic payments, after I send it to the IRS?
