How does an Offer in Compromise work, and am I eligible?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An Offer in Compromise is a federal tax resolution option that can sometimes settle a tax debt for less than the full amount, but eligibility often depends on a detailed review of income, assets, expenses, and overall ability to pay. The IRS also looks at whether the tax liability is accurate, wheth For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.