What's an Offer in Compromise and would I qualify?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An Offer in Compromise is a tax resolution option that can sometimes settle a tax debt for less than the full amount, depending on the taxpayer’s financial picture and collection potential. Whether someone may qualify often turns on income, assets, necessary living expenses, and whether there is a r 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.