Penalties & Payment Plans
“I owe taxes, can I settle with an Offer in Compromise?”
An Offer in Compromise is often considered when a tax balance feels unmanageable, but the outcome usually depends on a few practical factors, including income, assets, monthly living expenses, and whether the IRS views the amount owed as collectible in full. The type of tax debt, the filing status of all required returns, and any recent payment history can also shape how the process is evaluated. In many cases, the IRS reviews whether the proposed settlement reflects the taxpayer’s overall financial picture and future ability to pay. Walking the details through with a CPA is the fastest way to know what truly applies here.
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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