Offers in Compromise Decline

According to the IRS Data Book Table 16 the percentage of Offers in Compromise that were accepted went down in 2009 by 15%. The numbers of offers received was 52,000 in 2009 (up from 44,000 in 2008) and the number of offers accepted were only 11,000. In previous years about 25% of the offers received were accepted, but in 2009 that number went down by over 15%. The number of offers accepted did not change. There were 11,000 offers accepted in 2008 and 11,000 accepted in 2009. Surprisingly the amount of money collected from offers went down as well. In 2008 the IRS accepted $200,000,000 and in 2009 the IRS only $157,000,000. Wow, the amount of offers accepted in 2005 was 325 million. With the budget crunch one would thing that the IRS would be encouraged to accept more offers.







compromise tax settlement Tax Attorney Irs Levy IRS Lien Irs Problems