No IRS Abuse of Discretion by Appeals Settlement Offer in Rejecting Offer in Compromise, Proceeding With Collection
The United States Tax Court sustained a proposed IRS collection action against an individual and upheld the IRS’s rejection of his offer in compromise, finding no abuse of discretion by the IRS because the individual’s offer was well below his reasonable collection potential, which included dissipated retirement account assets.
A recent Tax Court decision was reported that may be of interest to individuals potentially dealing with tax litigation. J. Frank Best, Certified Public Accountant and United States Tax Court Practitioner, works to stay current on all IRS decisions concerning tax litigation to ensure we are fully informed and prepared for our clients.
ERIC EDWARD CHANDLER,
Petitioner
v.
COMMISSIONER OF INTERNAL REVENUE,
Respondent