Under the Internal Revenue Code, the IRS must make accepted offer-in-compromises available for public inspection.
Currently, to view the files, a taxpayer needs to call the IRS and request an appointment to view the files. The process can be a pain for taxpayers to get the information they are entitled under law.
TIGTA has proposed the IRS create an electronic format database for public inspection of these offers. This would allow taxpayers to quickly access the information online. The IRS has agreed with these recommendations.
Sometime in the future, expect to access approved OICs online. This will help practitioners better prepare clients on whether or not their offer will be accepted.
Relevant Citations: TIGTA Report
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