Offer in Compromise Guide
Consumer guide to offer in compromise guide.
Editorial note: This guide is educational. Pricing, programs, eligibility and rules can change. Verify important details with current official sources and qualified professionals.
Overview
An offer in compromise is a formal request to settle certain tax debt for less than the full amount when specific eligibility standards are met.
What to Consider
Review the qualification basis, financial disclosure, application costs, payment terms, compliance requirements and professional fees.
Questions to Ask
- Which eligibility standard applies?
- What documentation supports the financial information?
- What happens while the application is reviewed?