Penalties & Payment Plans
“What do I need to qualify for an Offer in Compromise?”
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 activity. The outcome can also depend on whether tax returns are current and whether the account reflects a history of compliance. Because the review is highly fact specific, the supporting documents and the way expenses are documented often matter as much as the numbers themselves. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
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?”
“How does an Offer in Compromise work, and am I eligible?”
“Can I qualify for an Offer in Compromise?”
“What does Offer in Compromise mean for my tax debt?”
“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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