Due: $75,019.36
Settlement: $298.00
“Dear Taxpayer:
We have accepted the offer in compromise you signed and dated on 08/10/2018. The acceptance date is the date of this letter and acceptance is subject to the terms and conditions on the enclosed Form 656, Offer in Compromise.
The conditions of the offer require you to timely file and pay all required taxes for five tax years (including any extensions). This requirement begins on the date of this letter.
Under the conditions of the offer, we will keep any refunds or credits you may be entitled to for 2018 or for earlier tax years, including refunds you may be entitled to receive in 2019 for any overpayments you made toward tax year 2018 or earlier tax years. We will apply any refunds or credits to your liability, not to your accepted offer. If we filed a Notice of Federal Tax Lien against you, we will release it when you pay the offer in full. If you make the final payment by credit or debit card, we won’t be able to release the Notice of Federal Tax Lien for up to 120 days from the date of the credit or debit payment.”
