Prohibition against seizure.

PositionNews & Trends - Internal Revenue Service offer in compromise regulations - Brief Article

The IRS has a self-imposed 14-day time period to determine whether it will accept an OIC as filed. But are taxpayers shielded from any levies during that 14-day period? According to Fred Schindler, the principal author of the new OIC regulations, the short answer is no. Protections provided by IRS Sec. 6331(k)(1)--which prevent the government...

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