According to Stand Up to the IRS (Nolo Press; $29.99), the IRS will consider an Offer in Compromise for only three reasons: Settle for less with the IRS: uncle Sam offers compromise to cash-strapped taxpayers Americans United, in its July 15 complaint to the IRS, charged that Falwell app...
If you are currently in active bankruptcy, OIC is also not an option. There are other eligibility requirements as well. To find out if you may qualify use the IRS's online Offer in Compromise Pre-Qualifier tool (you can find this here)....
If you think you may qualify for a relief program, such as an offer in compromise, visit the IRS website directly and use its pre-qualifier tool to assess your eligibility [11]. » MORE: 5 ways to deal with tax debt How to report IRS scams Tell the Treasury Inspector General for ...
However, the Fresh Start Program expanded and streamlined the offer in compromise program. One significant change is that the IRS only considers the next 12 to 24 months of income when assessing eligibility and calculating the minimum offer in compromise it will accept. Previously it was at least...
If you can prove this to the IRS, they may grant you the opportunity to pay your tax bill in installments. Or, they might allow you an Offer-In-Compromise, which would lower your total bill. 3. You or Your Spouse Meet the Right Criteria ...