You may lose your right to an offer in Compromise.

Back door legislation could end the Offer in Compromise Program

Congress has inserted language in the current budget reconciliation bill which will surely spell the end of the IRS Offer in compromise Program. Under the new law the IRS can simply return your offer in compromise when it deems the offer to be a "FRIVOLOUS TAX SUBMISSION." Guess what a "FRIVOLOUS TAX SUBMISSION" is? A "FRIVOLOUS TAX SUBMISSION" is anything the IRS says is a "FRIVOLOUS TAX SUBMISSION." The new law says that the IRS will define a "FRIVOLOUS TAX SUBMISSION." Have those people in Congress lost their mind? The IRS can not be trusted to regulate itself. This not all the bad stuff in this bill. If the IRS determines that you made a "FRIVOLOUS TAX SUBMISSION" then they can levy a penalty of $5,000 on you. Several years ago Congress gave Taxpayers some rights to challenge the IRS. Under certain circumstances a taxpayer is entitled to a hearing when the IRS files a lien or proposes to seize a taxpayers property. If the taxpayer follows the procedure correctly then he may appeal the IRS's decision to the courts. With this new law the IRS can prevent the taxpayer from getting to court by calling his claim for relief a " FRIVOLOUS TAX SUBMISSION" Steve Kassel, EA of eTaxes.com has written some commentary on this horrible piece of legislation. For more click here.

Trying to settle your taxes and solve your IRS problems with an offer in compromise could become very difficult in the very near future. If you owe taxes you can not easily pay you need to read my book Offer Secrets Revealed. Click here to learn more


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