Our mission was to create an offer in compromise "one stop" resource that provides all of the IRS or State information required to prepare and file a viable proposal. To meet our goal we have compiled the following offer in compromise library that:

Will provide detailed instructions to calculate the four primary formulas required, including:
Net Equities
Net Income
Future Income, and
Reasonable Collection Potential
Will address martial and shared living expense issues
Will explain the administrative evaluation process that occurs after submission.
Will provide access to both IRS and State resources.
Will provide consumer alerts, and
more !

Note: The States have generally adopted IRS rules, regulations and standards associated with an offer in compromise so the concepts and formulas presented are largely applicable to both Federal and State programs.

If you are preparing an offer our table of contents is a good bookmark and quick reference that will answer your questions as you complete the required forms.

It is our objective to answer your questions by providing the most complete, accurate, comprehensive and trusted source of substantive detailed information available on the web today associated with compromising a tax debt. As a consequence, we start with this article to provide an overview of the content and format characteristics of this site.

This discussion provides general information to familiarize you with IRS eligibility requirements, constraints, fees, forms and formulas associated with an offer, before specifically addressing each of these issues in detail.

This discussion provides detailed instructions to determine the amount of your adjusted net realizable equities or net worth that must be included in your offer to settle your back tax debt. This calculation is the first of four mathematical components required.

This article provides specific instructions to determine the amount of your monthly adjusted income that must be included in your offer and will therefore address issues related to tax authority imposed financial standard parameters otherwise know as allowable monthly expense limits.

This discussion determines the total amount of your future income that must be included in your proposal.

This article is the last in a series of four articles related to the computations required to prepare an offer and will sum the mathematical components future income and net realizable equities to determine reasonable collection potential, payment terms and eligibility.

This discussion provides information about the IRS administrative process that occurs after you submit an offer and will therefore explain the issues of processibility, evaluation and financial analysis.

This discussion explains the impact that errors can have when preparing an IRS offer to settle back taxes, will provide statistical facts, a buyer beware warning and tips that will assist with choosing a competent professional and simultaneously protect you from unethical compromise promoters.

An explanation of the preliminary services we provide to assure that you are eligibility to apply for relief before you embark on a path that may result in rejection.

A complete table of contents that provides the ability to quickly access articles and information to assist with the accurate completion of the forms and formulas required to complete an IRS or state proposal

(suggested order)

RELATED TOPICS

OFFER AND COMPROMISE LIBRARY

ARTICLES AND INFORMATION

FORMS AND FORMULAS

State & IRS Collections