IRS Appeals Minneapolis
Do you plan on appealing to the IRS for your already rejected offer in compromise? Well in a single year, we file more than enough offers in compromise that are already rejected by the IRS which people had other firms file. In all honesty, these offer in compromise packages submitted never even had the chance to be considered as viable and your hired “large firm” will definitely not be the one to tell you if your offer in compromise will be successful or not because they mostly want their payment.
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A tax professional on the other hand knows the standards of the IRS and judges your situation appropriately before making any promises. The IRS’s general rate of acceptance for an offer in compromise is 25%. These chances drop to 7% when you make an appeal after your offer in compromise is already rejected. Upon questioning two IRS agents directly about how accurate this figure was they left it at saying it was pretty accurate.
The best chance of your offer in compromise to get accepted is correcting the information which caused it to be rejected the first time. If you can’t provide the correct information, then you shouldn’t even bother to file an offer in compromise again. This same method applies to all other special and normal offers with the exception of one in which you might actually get accepted.
If you have viable proof of being in certain circumstances that were not covered the first time around, document the case and the circumstance well and you might have a chance. Most of the expenses you incorporate to meet the national standard must be equal to the national average. If the expenses are higher, they will automatically get terminated.
Most expenses you use to meet the national standard must fit the national average. If you can file a valid circumstance the IRS will be willing to reopen the case. An example of this would be if your son or daughter attended a regular school, but circumstances came up and your child had to attend a special school.
If you don’t document these expenses, the IRS won’t even bother or consider them. Having a tax professional beside you helps a lot when deciding what information is valid and what is needed. With a tax professional your time and money will be invested correctly.