Penalties & Payment Plans
“What's an Offer in Compromise and would I qualify?”
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 reasonable basis to believe the IRS could collect more through other means. The type of tax debt, the accuracy of filed returns, and any prior payment history can also affect the review. In many cases, the IRS looks closely at documentation and overall ability to pay. Working through the specifics with a CPA is the cleanest way to land on the right move.
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.
“How do I know if I qualify for an Offer in Compromise?”
“What is an Offer in Compromise, and do I qualify?”
“Can I qualify for an Offer in Compromise?”
“Is an Offer in Compromise something I can apply for?”
“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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