Grassley, Baucus Raise Concerns Over Offer in Compromise Program
Senators Question the IRS’ Administration of the Program
WASHINGTON -- Today, Senate Finance Committee Chairman Chuck Grassley and ranking member Max Baucus released the Internal Revenue Service's response to their September 2, 2004, letter to Treasury Secretary John Snow regarding the IRS' Offer in Compromise (OIC) program.
In their September 2 letter, Grassley and Baucus questioned the IRS and Treasury’simplementation and administration of the OIC program, specifically the apparent failure to use theEffective Tax Administration provision enacted as part of the IRS Restructuring and Reform Act of1998.
Based on the IRS’ response, Grassley and Baucus have called for an independentinvestigation of the program by the Government Accountability Office.The IRS’ response to Chairman Grassley and Senator Baucus is attached.
Next Article Previous Article
Recent News
- The Working Families Tax Cuts in Americans’ Own Words
- Support Continues to Grow for Taxpayer Assistance and Service Act
- Crapo, Wyden Reaffirm Commitment to Extending Advanced Manufacturing Investment Credit
- Crapo Statement at Hearing on Process Approaches for Addressing Social Security Solvency
- Working Families Tax Cuts Encourage Broad-based Charitable Giving