Penalties & Payment Plans
“Can my tax debt be settled with an Offer in Compromise?”
An Offer in Compromise can sometimes resolve tax debt for less than the full amount, but eligibility often depends on the IRS view of collectability, your income, assets, expenses, and overall compliance history. In many cases, the paperwork also looks at whether there is a genuine doubt about the amount owed or whether paying in full would create hardship. The details of the tax balance, current financial records, and any unfiled returns can all affect how the request is evaluated. Going through your records with a CPA usually surfaces the answer in under an hour.
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.
“How do I know if I qualify for an Offer in Compromise?”
“What is an Offer in Compromise, and do I qualify?”
“Can I qualify for an Offer in Compromise?”
“Is an Offer in Compromise something I can apply for?”
“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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