Penalties & Payment Plans
“Can I qualify for an Offer in Compromise?”
Eligibility for an Offer in Compromise often depends on the facts of the tax debt, the taxpayer’s current income, assets, and monthly living expenses, as well as whether the IRS believes the amount offered reflects reasonable collection potential. The review can also be affected by filing compliance, open returns, and whether there are any recent payment arrangements or collection actions. In many cases, the IRS looks closely at financial documentation, so the quality and completeness of records can shape the outcome. Because each case is evaluated individually, the answer can vary based on overall ability to pay and long-term collection prospects. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
In your 30-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“What is an Offer in Compromise, and do I qualify?”
“How does an Offer in Compromise work, and am I eligible?”
“What does Offer in Compromise mean for my tax debt?”
“How do I know if I qualify for an Offer in Compromise?”
“I can't pay my $2,000 tax bill, can I set up a payment plan?”
“I can't pay my $5,000 tax bill, can I set up a payment plan?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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