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IRS Increases User Fee for Offers in Compromise

July 10, 2020 Priya Comments Off

The IRS has released final regulations that increase the user fee for processing an offer in compromise from $186 to $205, effective for offers in compromise submitted on or after April 27, 2020.

The final regulations also continue to provide exceptions for offers based on doubt as to liability and offers from low-income taxpayers from the user fee, and expand the definition of low-income taxpayer, reflecting recent legislation.