Penalties & Payment Plans
“How do I find out if I qualify for an Offer in Compromise?”
An Offer in Compromise is often evaluated by looking at whether the tax debt can realistically be paid in full, whether current income and necessary living expenses leave any room for collection, and whether the taxpayer’s assets and financial records support a lower settlement amount. The IRS also typically reviews compliance history and the completeness of the application materials. Because these cases depend on the full financial picture, the answer can vary based on income sources, bank balances, property, and any recent changes in employment or business activity. A targeted review with a CPA can turn the uncertainty into a clear next step.
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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