Congratulations! You settled your IRS tax debt. Or did you? Well, not so quick. Did you get an IRS Offer in Compromise acceptance letter? Before you celebrate, read on to find out if your Offer in Compromise was actually accepted.
Time to relax? Hold on. Don't believe the clouds are gone until you see it in writing.
Stanley Harbaugh (name changed) is one such taxpayer who reached an agreement with an IRS employeeto settle his tax debt. He called the IRS to negotiate his Offer in Compromise, and was told he would pay $225 a month for 36 months. Yet, after this was done and he paid the IRS this amount in full, the IRS still tried to collect more money from him. Why did this happen?