Penalties & Payment Plans
“What does Offer in Compromise mean for my tax debt?”
An Offer in Compromise is a way the IRS may sometimes consider settling tax debt for less than the full balance, but the outcome often depends on a person’s income, assets, and overall ability to pay. The process can also be shaped by whether tax returns are current, whether the debt is tied to penalties and interest, and how complete the financial disclosure is. In many cases, the IRS looks closely at the taxpayer’s collection potential and the documentation supporting the request, so the details of each account matter. Sitting down with a CPA for thirty minutes is usually enough to draw a clean line on this.
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?”
“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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