If your offer in compromise is accepted: You must pay the offer amount in accordance with the terms of your acceptance agreement. If a Notice of Federal Tax Lien has been filed against you, the IRS will release it when the payment terms of the offer in compromise have been completed.

How do I check the status of my offer in compromise?

For more specific information on the OIC process, you may contact the OIC Section at 916 322-7931. If you have liabilities with multiple state tax agencies, it may be helpful to use the Multi-Agency application (Multi-Agency Form for Offer in Compromise).

When does the IRS release the offer in compromise?

If a Notice of Federal Tax Lien has been filed against you, the IRS will release it when the payment terms of the offer in compromise have been completed. You must remain in compliance with filing and payment of all tax returns for a period of five years from the date the offer in compromise is accepted, including any extensions.

How to submit an offer in compromise form?

Submit your offer. You’ll find step-by-step instructions and all the forms for submitting an offer in the Offer in Compromise Booklet, Form 656-B (PDF). Your completed offer package will include: Form 433-A (OIC) (individuals) or 433-B (OIC) (businesses) and all required documentation as specified on the forms;

Is the offer in compromise Form 656 refundable?

No. Offer payments that must be sent with the offer are not refundable. If you send MORE than the required amount AND designate the payment as a deposit on Form 656, Offer in Compromise, the payment in excess of the required amount is refundable.

When is an offer accepted by the IRS?

Your offer is automatically accepted if the IRS does not make a determination within two years of the IRS receipt date. If Your Offer Is Accepted You must meet all the Offer Terms listed in Section 7 of Form 656, including filing all required tax returns and making all payments;