What Is Inside
This guide walks the entire Offer in Compromise process end to end, the same way a practitioner would work it.
- How the IRS calculates your offer amount, equity in assets plus future income
- The pre-qualification checks that decide whether an offer is worth filing
- Form 656 and Form 433-A(OIC) walked through line by line, with examples
- The application fee, the initial payment, and the low income waiver
- Lump sum versus periodic payment, and which one costs you less
- What to do if the offer is rejected, including the appeal
- How to stay compliant for the years after acceptance
Who This Helps
The guide is built for you if most of these are true.
- You owe more than you can pay before the collection clock runs out
- Your income and assets are low relative to the balance
- You are filed and current, or can get there
- You are not in an open bankruptcy
- You want to know if you qualify before spending hours on paperwork
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Want the free overview first? Read the Offer in Compromise problem page.
Related guides: Installment Agreement, Currently Not Collectible.