Offer In Compromise-Payroll Tax

[JohnH]

Check this out - first bullet point under "cons"

http://www.getirshelp.com/irsblog/90/offer-in-compromise-advantages-disadvantages-the-right-choice-for-you/

And also here, under "public inspection files" near the bottom of the screen:

http://www.irs.gov/businesses/small/article/0,,id=180961,00.html

This was all news to me, too.

[Zee]

Thanks so much for the links. I stand corrected.

If the article is correct, and personal information is made available for public inspection it would certainly be an exception to the confidentiality laws. I'm very surprised. I'll have to research this further.

[JON]

Is anybody listening

This is IS under the FOIA it is true in EVERY District. It is not new. For those in this district:

Carole Smith
Stakeholder Liaison
Internal Revenue Service
1550 American Blvd E Suite 705
Bloomington, MN 55425
651-726-1598
CarolA.Smith@irs.gov

Anyone can review the information. An IRS employee remains in the room with you. Your neighbor can review anyone can!!!!!!!!!!!!!!!!

[ChEAr$]

OIC lack of confidentiality

Of course what neighbor is going to take time and trouble just to spy on someone they know made an OIC? However.......

I wonder if the major tax rep firms inform their clients about this lack of confidentiality?
Shouldn't we do it and tell a prospective offeror that the info is available?

Might be a good idea to do so as a way of admonishing the offeror/client that he'd better
not lie about ANYthing.

Of course informing a client might result in his deciding not to make an offer, and we'd
lose that client's fee.