If your Offer in Compromise is accepted, you will receive a written confirmation from the IRS. You must then comply with the terms of the agreement, which typically includes making scheduled payments and filing all required tax returns for the next five years.
Failure to comply with the terms can result in the IRS revoking the offer, and you may be liable for the full amount of your tax debt. It is crucial to stay informed and adhere to all requirements.
“Compliance is essential to maintain the benefits of your OIC.”
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