Page 24 - OIC Guide

- The IRS may keep any tax period refund,

including interest, processed through the

date the IRS accepts your offer by
Your Tax Refunds
offsetting it against your tax debt, as

applicable.

- Since your tax refund may be offset to the

tax liability while the offer is pending,

assistance from Taxpayer Advocate or the

IRS at 800-829-1040 could be available for

taxpayers (other than businesses) facing
economic hardship.

- For example, the IRS accepts your offer on

July 1, 2022, and you file your 2021 Form

1040 on April 15, 2022, showing a refund;

the IRS will apply that refund to your
outstanding tax debt.

- The refund is not

considered as a payment

t oward your offer .