Penalties & Payment Plans
“How do I know if I qualify for an Offer in Compromise?”
An Offer in Compromise is often considered when the full tax balance may be difficult to collect through normal payment options, but the outcome depends on several factors. Common considerations include income, necessary living expenses, asset equity, and whether the IRS views the liability as collectible in full over time. The quality of financial records also matters, since the application typically relies on detailed documentation and a clear picture of current and future ability to pay. Prior filing compliance, existing payment arrangements, and any recent financial changes can also affect how the request is evaluated. A focused session can map this against your actual situation in plain English.
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?”
“Can I qualify for an Offer in Compromise?”
“Is an Offer in Compromise something I can apply for?”
“I owe taxes, can I settle with 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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