Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Industry Discussions
- :
- Practice Advice
- :
- The State of New York Offer in Compromise
The State of New York Offer in Compromise
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Gsouls
Level 3
05-26-2022
04:03 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Hello great minds. I would appreciate your guidance or feedback on the scenario I am going to describe below.
The taxpayer is a software engineer. Relocated to her country of origin in 2010. She has neither filed federal or state returns since 2010 because she is US non-resident.
However, in 2009, prior to her relocation, she borrowed money from her retirement account. She filed federal returns but failed to file New York State returns. New York State has issued a warrant to collect the tax liability.
Now the taxpayer wants to relocate back to the US. She has no bank accounts and no job. Her rental property went into foreclosure in 2013 but wants to settle her tax liability with the State of New York.
Question
If she files Offer in Compromise, will her offer stand the chance of being accepted given that she's been out of the country for nearly 12 yrs., does not have a job and is in the process of resettling?
Thank you in advance for your feedback.
Labels
