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Will I receive formal notification advising me that the Treasury has received my offer in compromise submission?

Will I receive formal notification advising me that the Treasury has received my offer in compromise submission?

Yes, Treasury will notify you in writing when your submission is received.  Your submission becomes pending when Treasury receives the required Form 5181, along with required schedules and documentation, and the required initial payment of $100 or 20% of the offer, whichever is greater.