The IRS is falling behind on its review of filed Offers in Compromise according to a recent government report. An Offer in Compromise is where you cut a deal with the IRS on your unpaid liability. A 28% increase in Offers filed between 2007 and 2011 has created a backlog of about 7,500 pending Offers. Making things worse, the number of IRS employees who process Offers has decreased from 344 to 334. As a result, taxpayers have had to wait a much longer time for IRS contact. However, the IRS is also confident that its new streamlined Offer program will speed up the time it takes to process pending Offers. Do you owe money to the IRS? Are you interested in an Offer in Compromise? Call us, we can help.
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