OIC approved; subsequent bump in income.

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?

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

Reply to
Arthur Kamlet

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