Strong, TC Memo 2016-70 The Tax Court has upheld IRS's rejection of a taxpayer's offer-in-compromise (OIC) that was based on doubt as to collectibility. The Court rejected the taxpayer's argument that IRS abused its discretion by considering his business receivables as business assets for purposes of the OIC. Click here for the Opinion of the [...]The post Tax Court - No IRS abuse in rejecting offer-in-compromise where taxpayer had cash and receivables appeared first on Orange County Tax Law Attorney.
