Penalties & Payment Plans
“How does an Offer in Compromise work, and am I eligible?”
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, whether required filings are current, and how much could reasonably be collected through other means. In many cases, the process involves financial disclosure and supporting records, and the outcome can vary based on the taxpayer’s circumstances and the type of tax involved. A short conversation with a CPA can sort out what applies to your specific numbers.
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?”
“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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