Requirements to get an IRS Offer In Compromise

Here we are discussing financials-based Offers, the most popular type.

Basic Requirements:

• All required tax returns are filed
• Up to date on estimated tax payments
• Up to date on federal tax deposits if you have employees
• You cannot pay off the tax debt within the statute of limitations based on your income and expenses (with some of the IRS numbers thrown in for your
• You pay appropriate fees and down payments if required
• The correct forms need to be filed

Easy Offers – Probably do not need our help

• Only Social Security Income with no assets
• Only unemployment income with no assets
• Multiple children and less than average income with no assets
• Collecting only disability payments and no assets

Harder Offers – You Might Want Some Help

• Self-employed
• Assets you cannot sell but otherwise, you qualify
• Multiple children but higher income
• Extraordinary, but reasonable expenses

Get a free, detailed Offer In Compromise evaluation!

Call us at (888) 515-4829 or go to trp.tax/start

If we cannot help you we’ll tell you. No false promises for settlements. We only submit settlements that have a good shot at acceptance.

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