Wondering what happens after you submit an IRS offer in compromise? The offer in compromise process mostly plays out by mail — and in this video, I show you the three letters the IRS actually sends, using real letters from cases my firm has handled (with client information redacted, of course). Letter #1 is the processability letter. This is the IRS telling you your offer made it past the first gate: "We received your Offer in Compromise." It gives you a date by which you'll be contacted, and it also warns that the IRS may still file a Notice of Federal Tax Lien while your offer is being investigated — I explain what that means and why it's not a reason to panic. Letter #2 comes from your offer examiner: a request for more information. In the example I show you, the examiner wanted statements showing the value of the taxpayer's retirement accounts — and these letters come with a deadline. Miss it, and your offer can be returned or rejected, which puts you back at square one. I'll tel...