IRS reports accepted Offers dropped 25%, levies & liens up

Technical topics regarding tax preparation.
#1
skassel  
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The IRS Data Book has just been released.

https://www.irs.gov/pub/irs-pdf/p55b.pdf

First thing I always look for is the number of Offers submitted and the number accepted. Accepted Offers dropped from 24,000 to 18,000; 25%. The rate of accepted Offers dropped from over 40% to under 33%.


Meanwhile, filed Notices of Federal Tax Liens went up 30% while levies went up 22%. Of course, seizures are essentially non-existent, down 17% to just 228.
Steve Kassel, EA
 

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