OIC approved; subsequent bump in income.

Apr 28, 2008 1 Replies

Assume IRS approves Offer In Compromise calling for installment payments of a certain amount spread over 24 months. At some point during the 24 months, TP's income increases significantly because employer institutes bonus program. Is IRS locked into the OIC agreement or is IRS likely to come back to TP to increase amount previously agreed to?


So long as the payments are timely and in at least the amount agreed I would not be concerned about the IRS balking.

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