Top Accountant in Wallingford

Offers in Compromise (OIC)

Assess eligibility, build a complete, defensible package, and navigate the review calmly and professionally.

What we do

  • Eligibility screen: confirm compliance requirements and whether OIC is appropriate vs. IA/CNC.
  • RCP analysis: calculate “reasonable collection potential” based on income, expenses, assets, and equity.
  • Complete packet: prepare required forms, documentation, fee, and initial payment (if applicable).
  • Representation: communicate with the IRS, address examiner questions, and track status through decision.

When OIC can make sense

  • Financials show limited ability to pay the full balance before the collection statute expires
  • Income/expense picture supports a low offer amount under IRS standards
  • You are current on filing and estimated payments/withholding going forward

Get help now

Schedule a confidential consult Ask about eligibility

Related

What to gather for an OIC

Income & expenses

  • Recent pay stubs or income statements
  • Bank statements (typically 3–6 months)
  • Monthly living expenses (housing, utilities, transport, medical, etc.)

Assets & debts

  • Vehicle titles/loans, home equity statements, retirement balances
  • Other assets (cash value life insurance, investments)
  • Debt statements (credit cards, loans)
We’ll confirm the exact list based on your facts and the OIC program rules.

Our process

1

Screen & scope

Verify filing compliance and determine if OIC fits better than IA/CNC.

2

Analyze

Calculate RCP and project an offer amount and payment option.

3

Assemble

Prepare the packet with forms, fee, initial payment (if required), and evidence.

4

Respond & resolve

Manage questions, update financials if requested, and guide next steps after decision.

FAQs

No. Approval depends on IRS criteria and your verified financials. We only recommend OIC when the analysis supports it and will discuss alternatives if not.

Generally, a lump-sum offer with an initial payment or a periodic payment plan during review. We’ll model both and choose what fits your cash flow.

You must stay compliant for a set period—file and pay on time. We’ll outline simple steps so you keep the settlement intact.
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