Page 48 - Escape Your IRS Nightmare Flip Book
P. 48
In exchange, you must agree to file all of your tax returns on time for three years after your Offer in
Compromise is approved, and you must also agree to pay any other taxes due in full.
If you do not stick to these rules the entire tax liability comes back on to you, even if you already paid
off your Offer in Compromise!
This is one of those instances where you absolutely want to make sure you are doing everything right
going forward so you don’t get into trouble again after getting a second chance! Many people decide to
hire an accountant to help keep them compliant going forward.
Chapter 14
Should I Be Placed in an Economic Hardship?
37
