This Act only applies to Offers in Compromise received on July 16, 2006 and after. This Act caused changes in how the OIC program operates, and impacts the OIC role in the IRS collection process. All “offers” now require a $150 filing fee to be submitted with the initial paperwork, and depending on the type of “offer” filed the taxpayer may have to make a nonrefundable deposit of 20% of their OIC amount. If the OIC is rejected by the IRS the 20% deposit is applied to the taxpayer’s outstanding liability. Another noteworthy change, resulting from TIPRA, is that normally if the IRS does not act within two years of a submitted OIC, then the IRS must accept the OIC.