Washington - Senate Finance Committee chair Chuck Grassley, R-Iowa, and ranking member Max Baucus, D-Mont., are calling for an independent investigation by the Government Accountability Office of the Offer in Compromise Program.In a letter to Treasury Secretary John Snow, the senators had questioned the Internal Revenue Service and Treasury implementation and administration of the OIC program. Based on the IRS response, the senators said that they have called for an investigation.
Grassley and Baucus specifically cited the "apparent failure to use the Effective Tax Administration provision enacted as part of the IRS Restructuring and Reform Act of 1998."
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