Code 481: offer-in- compromise rejected, returned (processable).
From IRS Document 6209, the IRS's processing codes manual.
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Document 6209 says
Used on individual (IMF) accounts.
Offer-in- Compromise Rejected, Returned (Processable)
The full Document 6209 entry, as printed
I/B Offer-in- Compromise Rejected, Returned (Processable) 77 Records date of rejection or return of offer. Does not extend TFRP Assessment Statute Expiration Date. Generates “OIC” transcript and discontinues further OIC transcripts. BMF/IMF: Extends Assessment and Collection Statute Expiration Dates. Over the years various changes in the tax law have had an effect on the statutory collection period. See IRM 5.8.10.8 and IRM 5.8.10., Special Case Processing, for additional guidance. Releases TC 480 freeze.
After code 481
Not enough shared timelines with this code yet. The block fills in once 30 people with code 481 share theirs from the result page.
Crowd figures, not IRS data. They describe what happened to others, not a promise.
Questions people ask
What does code 481 mean on my IRS transcript?
Document 6209 calls it "Offer-in- Compromise Rejected, Returned (Processable)".
Sources
Checked against these sources on October 30, 2026.