Best Accountants in Sterling Heights, MI

Taxpayers can appeal a rejected offer in compromisenIf the IRS rejects an offer in compromise, taxpayers have 30 days from the date on the rejection letter to request an appeal of that decision.nTo request an appeal, a taxpayer must file Form 13711, Request for Appeal of Offer in Compromise, or send a letter to the IRS with certain information about their situation. Taxpayers should mail their request for an appeal to the office that sent them the rejection letter. nHow to decide whether to submit an appealnTo identify areas of disagreement and decide whether to submit an appeal, taxpayers should review the Income/Expense and Asset/Equity Tables that came with the OIC rejection letter and Form 656, Offer in Compromise. nDocuments to gather and review prior to submitting an appealnCorporations, S corporations, partnerships, tax exempt organizations and limited liability companies defined as a corporation and other LLCs:nForm 433-B (OIC), Collection Information Statement for BusinessesnOther supporting documentationnIndividual wage earners and self-employed people:nForm 433-A (OIC), Collection Information Statement for Wage Earners and Self-Employed IndividualsnOther supporting documentationnTaxpayers must be accurate and complete when addressing the reasons for disagreementnFor each area of the offer in compromise rejection where the taxpayer disagrees with the IRS, they need to provide documents to support the income item, expense item and asset value they dispute.nFor details on the supporting documents and kinds of records to keep, see Section 10 of Form 433-A (OIC) and Section 7 of Form 433-B (OIC) in Form 656-B, Offer in Compromise (Booklet)...