what does irs base an ofer and comprimise acceptance
2007-02-12 05:20:34 · 3 answers · asked by lupo213 1 in Business & Finance ➔ Taxes ➔ United States
In determining whether an offer in compromise is acceptable to them, the IRS will look at your "ability to pay". If you are making $100,000 a year, they would most likely not accept a $10 a month payment towards a $5,000 tax bill.
2007-02-12 05:26:35 · answer #1 · answered by jseah114 6 · 0⤊ 0⤋
It is based on a combination of your current assets and your future earning power.
If both of these are nil, then you have a shot.
Historically, 85+% are rejected.
2007-02-12 14:05:57 · answer #2 · answered by Wayne Z 7 · 0⤊ 0⤋
For help try links at http://www.taxbin.com/
Offer depends on case, it can be around 33% reduction
2007-02-12 16:09:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋