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DanielleCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 789
Experience:  Years of Experience in Business & Personal Taxes
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I have a tax question. If the IRS assessed a tax debt that

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I have a tax question.

If the IRS assessed a tax debt that I feel is incorrect am I allowed to pursue both an appeal and an "offer in compromise" at the same time?

DanielleCPA :

Welcome and thanks for your question!

DanielleCPA :

Sorry to hear about your tax situation.

DanielleCPA :

Unfortunately you cannot pursue both at the same time for a same liability. An offer in compromise assumes that you agree to the tax owed but have concerns about your ability to pay the debt.

DanielleCPA :

An appeal is appropriate if you do not agree with the amount assessed by the IRS.

DanielleCPA :

That being said, there is nothing precluding you from pursuing an offer in compromise after the appeal process is concluded.

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