Filed all required tax returns and made all required estimated payments.You're eligible to apply for an Offer in Compromise if you:

Who Is EligibleĬonfirm you're eligible and prepare a preliminary proposal with the Offer in Compromise Pre-Qualifier Tool. If you hire a tax professional to help you file an offer, be sure to check his or her qualifications. The Offer in Compromise program is not for everyone. Explore all other payment options before you submit an offer in compromise. We generally approve an offer in compromise when the amount you offer represents the most we can expect to collect within a reasonable period of time. We consider your unique set of facts and circumstances:

It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship. You must use the April 2023 version of Form 656-B, Offer in Compromise Booklet PDF.īefore you apply, you must make federal tax deposits for the current and past 2 quarters.Īn offer in compromise allows you to settle your tax debt for less than the full amount you owe.

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