What are my chances of qualifying for an Offer in Compromise?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An Offer in Compromise is often evaluated by looking at a taxpayer’s ability to pay, income, expenses, and the value of assets, along with whether the IRS believes the amount offered reflects what could reasonably be collected. The chances of qualifying can also depend on the completeness of financi 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.