The IRS accepted just 31% of Offers in Compromise in fiscal year 2023. That’s roughly 17,000 approved out of 54,000 filed. The rejected 69% share a pattern we see constantly at Austin & Larson Tax Resolution. Incomplete documentation, math errors on the...
In 2024, the IRS received 33,591 Offer in Compromise applications and accepted 7,199 of them. That’s a 21% approval rate, down from 42% just one year earlier. Most rejections don’t come from complicated financial situations or unusual tax problems. They...
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