An explanation of the preliminary assistance we provide to assure that you are eligibility to participate in State and IRS compromise programs before you embark on a path that may result in rejection.

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 site has been designed to be a "one stop" source of IRS and State information to answer all of your questions, help with the completion of the required forms for submission and therefore, provides an Offer in Compromise library that: 

  • Will provide access to both IRS and State resources.

  • Will provide detailed instructions to calculate the four primary formulas required to prepare the forms, including:

  • Net Equities

  • Net Income

  • Future Income

  • Reasonable Collection Potential 

  • Will address martial and shared living expense issues

  • Will explain the process that occurs after submission

  • Will provide consumer alerts, and
  • more !

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

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 offer and compromise promoters.

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 offer and compromise proposal

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.

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

 ARTICLES AND INFORMATION

RELATED TOPICS

OFFER AND COMPROMISE FORMULAS

OTHER REFERENCE MATERIAL

OFFER IN COMPROMISE LIBRARY

State & IRS Collections

(suggested order)

Other Resources

State Revenue Links

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

The official IRS manual governing the rules, regulations and administration of the compromise program. 

OFFER AND COMPROMISE ASSISTANCE

Offer in Compromise

Forms

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

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 provides general information to familiarize you with IRS eligibility requirements, constraints, fees, forms and formulas associated with an offer, before specifically addressing each issue.

Tax Debt Relief

Income Tax Services

Self Help

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

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