Reply To: IRS ignoring 2020 if it’s lower than an average year

Home Forums Offers-in-Compromise IRS ignoring 2020 if it’s lower than an average year Reply To: IRS ignoring 2020 if it’s lower than an average year

#45294
Eric Green
Keymaster

Terrence, first of all Joe Kennedy is as old as the hills and has never accepted an Offer in his life. Its an automatic appeal from him.

That said that is not a new policy but has always been the policy – if the decline is temporary it should not be used for calculating the Offer. This does make sense – why agree to settle a debt just because the taxpayer is having an off year.

If however you can point to the year being the new normal because of a permanent change, then it should be considered.
Eric