offer in compromise guide

We are working hard to complete our Offer In Compromise Guide. Please check back regularly for updates.
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Introduction

• Introduction to offer in compromise:  basis for offer and doubt as to collectability.
• Who is eligible for the offer in compromise?
• Offer in compromise:  what to do before you file.
• Offer in compromise:  calculation of reasonable collection potential.
• Offer in compromise:  calculation of monthly household income and expense information.
• Strategies for presenting your offer in compromise and selection of payment terms.

Forms

• Preparing Form 433-A.
• Preparing Form 433-B.
• Preparing Form 656 and supporting documentation.
• Doubt as to liability and Form 656-L.

Approval/Rejection

• IRS evaluation of offer in compromise: how likely is your offer to be approved?
• IRS acceptance of offer in compromise as pending.
• Final acceptance and approval of offer in compromise by IRS.
• IRS rejection of offer in compromise:  installment and partial-pay installment agreement options.
• IRS rejection of offer in compromise:  bankruptcy and not currently collectible options.
• IRS rejection of offer in compromise:  10-year statute of limitations on IRS collecting tax debts.

Seeking Council

• Selecting a tax professional to handle your offer in compromise.

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