I have an Offer in Compromise in place that consolidated my tax debt which spanned over several years. I have already begun paying the arranged amount. My tax refund was enough to pay off my OIC.
If you had an OIC, generally, the IRS won’t take your current refund. The information presented herein is for general purposes only. It is not intended to, and may not be construed as legal, tax or accounting advice or solicitation. For specific advice, please consult a suitable attorney in person. Good luck. Zaher Fallahi, Tax Attorney, CPA, MBA, MS.
It depends on the OIC and when it was issued. Immediately review this with your tax attorney.
I hope this helps!
If you do not like this answer or disagree, please look at one of the other answers provided. It is not necessary for you to try prove this answer is "wrong" or something with which you do not agree. This is a free service for you based on limited facts. Nevertheless, many times you need to consult an attorney with the details to get actual advice specific to your concerns. Do not put too many details in your questions or comments because this makes the information public and could hurt you. Government Regulations contained in IRS Circular 230 regulate written communications about Federal tax matters, including e-mail, between us and our clients. This is another attempt by the government to limit your rights and to extend the control of government over individuals and businesses. Nevertheless, such communications are either opinions or other written communications. This is not an opinion. It is other written communication and was not written to be relied upon, by itself, to avoid any tax penalties. In order to receive assurances of protection from tax penalties from a written communication, you should get an opinion letter. If you would like to discuss an opinion letter relating to any matter, please contact me and I will explain what is involved and what it will cost.
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