What do I need to qualify for an Offer in Compromise?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An Offer in Compromise is often evaluated based on a taxpayer’s overall ability to pay, the value of assets, and whether paying the full balance would create financial hardship. The IRS typically looks closely at income, necessary living expenses, bank balances, property, and any recent financial ac 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.